NiFund targets $2bn for infrastructure in Nigeria
Nigerian Infrastructure Fund (NiFund) on Tuesday launched the Nigerian Infrastructure Fund SP with a target of raising $2 billion.
NiFund will also look to launch new funds targeting Nigeria’s high growth sectors, it said.
NiFund is an investment management company targeting investment opportunities in high growth sectors in Nigeria.
Commenting on the launch of NiFund at the NBCC Mission to the UK, Aaron Smith, managing director of Pecora Capital said: “Investment in the infrastructure sector is vital for the socioeconomic development of Nigeria and we will aim to attract foreign investors to fund critical national infrastructure projects with an overarching aim to deliver a strong return on investments.
“Through infrastructure development in Nigeria, NiFund will act as a catalyst for future growth and prosperity in the country.”
Nigeria’s rapid growth and urbanization has resulted in enormous demand for sound and sustainable infrastructure development throughout the country.
To actively participate in this growth and meet the increasing demand for suitable infrastructure, NiFund will invest in equity stakes in private infrastructure projects across various sectors including power, transport and communications.
There are no comments at the moment, do you want to add one?
Write a comment