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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Nigeria: Benefits of govt’s planned $25b infrastructure fund, by experts

Posted on 05 November 2015

Experts have affirmed that the planned $25 billion (N5 trillion) infrastructure fund would bolster the nation’s enabling environment and pave way for stronger economic growth. In separate recent chats with the media, the experts said that the projected improved growth from the fund would be achieved, even in the face of current dwindling commodity prices and recent economic challenges.
The Federal Government had on October 29 announced plan to establish a $25 billion infrastructure fund to invest in the transport and energy sectors so as to bridge the nation’s infrastructure deficit, which has grossly increased the cost of doing business. Spokesperson for Vice President Yemi Osinbajo, Laolu Akande stated that the fund would be set up with contributions from local and international sources including Nigeria’s sovereign wealth fund………………………………………..Full Article: Source


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