Fund targets $2bn for infrastructure in Nigeria

Nigerian Infrastructure Fund (NiFund), has launched the Nigerian Infrastructure Fund has resolved to raise $2 billion for infrastructural development in Nigeria.

Nigeria’s rapid growth and urbanization has resulted in enormous demand for sound and sustainable infrastructure development throughout the country.

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 United Kingdom, 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.”

NiFund will invest in equity stakes in private infrastructure projects across various sectors including power, transport and communications.