The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently welcomed distinguished delegates from the Nigeria Sovereign Investment Authority (NSIA) to discuss strategic solutions for bridging the nation’s infrastructure financing gap.
During the meeting, the proposal to establish the Nigeria Infrastructure Finance and Guarantee Facility (NIFF) was put forward. This facility aims to serve as a dedicated provider of credit and guarantees for local infrastructure projects, enhancing funding mechanisms for development.
The NSIA delegation included Mr. Aminu Umar-Sadiq, Managing Director and Chief Executive Officer; Mr. Kola Owodunni, Executive Director and Chief Investment Officer; Mr. Victor Sesere, Financial Controller; Mr. Tolu Adeleke, Partner at PwC; and Ms. Olumorin Motunrayo, Senior Assistant at PwC. The group explored innovative strategies to enhance infrastructure financing and support sustainable economic growth.