NewsExpress advert Yudala banner
Nigeria Sovereign Investment Authority (NSIA) and IFC to promote infrastructure development in Nigeria

By News Express on 25/07/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,856


The Nigerian Sovereign Investment Authority (NSIA) has indicated its readiness to partner with the International Finance Corporation (IFC), a member of the World Bank Group, to develop, finance, and implement infrastructure projects that will contribute to economic growth, jobs creation and social development in Nigeria. This was sequel to yesterday’s signing of a Memorandum of Understanding between the NSIA and the IFC.

The partnership is expected to help mobilise public and private resources that will open the Nigerian market for infrastructure investments in sectors such as housing, healthcare, transport, power and gas. In addition, the partnership will include co-project development on some projects, as well as IFC providing other support to the NSIA, given IFC’s global expertise and experience on infrastructure development.

Uche Orji, Managing Director of NSIA, said: “Our agreement with IFC reflects NSIA’s commitment to enhance partnerships with the private sector that deliver on our shared aspiration of developing infrastructure projects more effectively in Nigeria. Through this collaboration with IFC, NSIA is better positioned to fulfill its mandate of developing infrastructure projects while attracting global investors.”

Solomon Adegbie-Quaynor, IFC Country Manager for Nigeria, said: “Infrastructure is a priority focus area for IFC. IFC aims to help increase access to basic infrastructure services in Nigeria by structuring commercially viable projects, facilitating private investments, and building partnerships that enhance infrastructure financing. We believe that our partnership with NSIA will bring development to the broader infrastructure sector and foster sustainable economic growth for Nigeria.”

NSIA was established through an Act of the National Assembly (the NSIA Act 2011). Its objective of the NSIA is to promote fiscal stability, build a savings base for future generations of Nigerians and enhance the development of Nigeria’s infrastructure. NSIA’s investments are made through three distinct funds: The Stabilization Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund. Investments made under the MOU with IFC will be made through the Nigeria Infrastructure Fund.

Photo shows NSIA and IFC officials after signing the MOU.

Source News Express

Posted 25/07/2013 12:32:01 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Ex-militant leaders throw weight behind Buhari’s peace initiatives...

8th Annual Ibadan Sustainable Development Summit holds August...

Herdsman bags 6 strokes of cane for stealing...

170 foreign dignitaries pay last respects to Lee...

Rains likely today in 21 Nigerian towns —NiMET...

Nigeria’s biggest sports awards holds Saturday •D’Tigers, D’Tigress,...

CBN rubbishes report on Sanusi’s alleged girlfriend •Says...

Wike/PDP’s victory celebration shameful —Rivers APC

FG moves to register all road transport operators...

Mass sack of workers: NLC disrupts business at...

Rio 2016 Olympics qualifier: Okumagba thumbs up U-23...

5-star Chelsea crush Stoke, Liverpool edge Leicester

 

Latest News Church invites couples to bring guns for blessing We lied about rescue of abducted school girls — Yobe Governmet •Apologises over misleading statement Senate wants missing Yobe schoolgirls rescued Yobe schoolgirls’ abduction: Has karma come for the APC government? Food disease claims over 172 lives in South Africa Japan, Ghana, Senegal, South Africa, Indonesia, others for Enugu Trade Fair Police gives 2 weeks deadline to criminals in Kaduna to repent Buhari, APC Governors meet in Presidential Villa Passage of PIB panacea for oil sector development — Kachikwu Lagos offers 15 per cent discount on land use charge Order of Elections: NASS can’t take away INEC’s powers — Jega •Asks FG, INEC to go to court EFCC recovers N102m for Agric Bank

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (326,348 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (318,057 views) Shameless Genevieve Nnaji exposes breasts in public (254,815 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (209,035 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,807 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,793 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (163,508 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,766 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,439 views) Lagos plane crash: Journalist releases victims’ names (129,631 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (128,117 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,186 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,903) Business Verdict (34) Columnists (805) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (33,054) Opinion (884) Pidgin (10) Politics (4,516) Religion (682) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement