InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.




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Nigeria spends $500 million annually importing palm oil : Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organizations on Thursday said Nigeria was spending about $500m annually on oil palm imports. At the National Workshop on oil palm organized in Abuja by Solidaridad, an international NGO, senior government officials, and other stakeholders agreed to partner to reduce the continued import of the commodity.
Nigeria needs $3 trillion to tackle infrastructure deficit, says Moody’s: One of the leading global rating agencies, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3 trillion needed over 30 years to close the gap.
FG acquiring 720,000 hectares in states for agriculture:The Federal Government is currently acquiring more than 720,000 hectares of land from various states for agricultural use, the Minister of Agriculture and Rural Development, Sabo Nanono, said on Thursday. Nanono said this at a meeting with chief executives of parastatals and top management officials of the Federal Ministry of Agriculture and Rural Development in Abuja.
Ekiti kicks off construction of dry cargo port: The Ekiti state government has kicked off the construction of an agro cargo airport to market the state’s economic potentials , facilitate the export of cash crops, agri-business and boost internally generated revenue.
FG to commence $195 million Maritime Security project in Q1 2021: The Federal Government has disclosed that barring any unforeseen circumstances, the $195 million Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project, which has suffered many delays will commence in the first quarter of next year.
Second Nigeria bridge: Julius Berger commits to international standards and timelines: President Muhammadu Buhari has endorsed the progress of work being achieved at the Second Niger Bridge saying that, “the project is on course irrespective of initial teething problems that occasioned some loss of time.” The President communicated his position in Asaba over the weekend at the inspection/town hall meeting on the landmark priority project.
Manufacturing PMI records expansion after six months contraction:N The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 recorded expansion after six consecutive months of contractions (May to October 2020). However, non-Manufacturing PMI sustained its negative direction while unemployment level also remains negative for the eighth consecutive month.
FG approves draft Finance Bill 2020, rules out new taxes: The Federal Executive Council (FEC) yesterday approved the Finance Bill 2020 conceived to enhance incremental changes in the Nation’s tax laws but assured Nigerians that there would be no fresh levy.
Nigeria saves N45 billion monthly for operating TSA: Nigeria is saving an average of N45 billion monthly for operating the Treasury Single Account, (TSA), the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, stated this yesterday during the signing of memorandum of understanding (MoU) on TSA with the Republic of The Gambia in Abuja.
We are working to clear N124 billion backlog of export claims – NEPC: The Nigerian Export Promotion Council (NEPC) announced that it is working with the Federal Government to recover payments of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme.
Nigerian economy slips into second recession in 5 years: The data released by the National Bureau of Statistics (NBS) for Q3 2020 shows a dip of 3.62% in real GDP for Nigeria, which strongly confirms that the Nigerian economy has officially fallen into a second recession in 5 (five) years, since 2016, when the economy contracted by 1.62%.


Infrastructure in Nigeria: Unlocking Pension Fund Investments

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