FG mulls establishment of infrastructure finance facility

…as Edun meets with NSIA to deliberate on bridging financing gap

The Federal Government is considering the option of creating a Nigeria Infrastructure Finance and Guarantee Facility (NIFF).

This was disclosed on Wednesday when the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun played host to a delegation from the Nigeria Sovereign Investment Authority (NSIA) to discuss innovative solutions towards addressing Nigeria’s infrastructure financing gap.

The meeting, which was held at the Ministers in office in Abuja, proposed the establishment of a Nigeria Infrastructure Finance and Guarantee Facility (NIFF), a dedicated provider of credit and guarantees for local infrastructure projects.

The NSIA delegation, led by Managing Director and CEO, Mr. Aminu Umar-Sadiq, included Mr. Kola Owodunni, Executive Director and Chief Investment Officer, Mr. Victor Sesere, Financial Controller, Mr. Tolu Adeleke, Partner at PwC amd Ms. Olumorin Motunrayo, Senior Assistant at PwC.

The proposed NIFF aims to bridge the infrastructure financing gap by providing a stable source of funding and guarantees for critical projects.