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JOB ALERT: CBN is recruiting asset managers for Nigeria’s infrastructure company

JOB ALERT: CBN is recruiting asset managers for Nigeria’s infrastructure company
February 26
22:59 2021

The Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and the Nigeria Sovereign Investment Authority (NSIA) are requesting an expression of interest proposals from qualified asset managers for the newly-created Infrastructure Corporation of Nigeria Limited (Infra-Co).

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On February 12, Buhari approved establishment of the company to focus on critical infrastructural investments.

The new company is expected to grow to N15 trillion in assets and capital over time, while the initial seed capital will come from the Central Bank of Nigeria, the Nigerian Sovereign Investment Authority, NSIA, and the Africa Finance Corporation (identified as the promoters).

In a statement on Friday, the promoters — CBN, AFC and NSIA — called for proposals from asset managers interested in managing the company.

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“The Central Bank of Nigeria (CBN), the Africa Finance Corporation (AFC) and the Nigeria Sovereign Investment Authority (NSIA) (the “Promoters”) are requesting for expression of interest proposals from qualified asset managers active in the infrastructure sector to manage a newly-created world class institution -The Infrastructure Corporation of Nigeria Limited (InfraCorp) to catalyse and accelerate investment into Nigeria’s infrastructure sector,” the statement reads.

“InfraCorp is a dedicated privately-managed infrastructure and industrial vehicle that will harness opportunities for Nigeria’s infrastructure development by originating, structuring, executing and managing end-to-end bankable projects in that space.”

The appointed asset manager will be responsible for establishing a general partner/asset manager organisation, to develop the consolidated business plan and financial model for InfraCorp and its subsidiaries.

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The firm manager will also supervise the day-to-day operations of the Asset Management business of InfraCorp; plan, lead and coordinate the promotion of InfraCorp and capital raising activities; as well as other functions provided in the detailed request for proposal.

All expressions of interest (EOIs) proposals must be sent to [email protected]

The deadline for receipt of final proposals in response to the detailed is 12noon Nigerian time on March 16, 2021.

On Friday, Godwin Emefiele, the CBN governor, said the Infra-Co will commence operations by second half of 2021.

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1 Comment

  1. Shinnehll
    Shinnehll March 16, 21:09

    Please how can I apply for the job on asset managers for Nigeria infrastructure company

    Reply to this comment

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