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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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ELIGIBILE SECTORS

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PROJECTS

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Kano state Agro Pastoral Project to support 550,000 farmers: The Kano State Agro Pastoral Development Project will support at least 550, 000 primary beneficiary farmers in the state, as part of its overall objective to contribute to reducing poverty and strengthening food and nutrition security in the state.
NCC examines funding options for fibre infrastructure:The Nigerian Communications Commission on Sunday said it was examining sustainable funding solutions for the rollout of fibre infrastructure across the country. The commission in a statement signed by the Director, Public Affairs, NCC, Dr Ikechukwu Adinde, said it had created a committee that would review the framework for the licensing of infrastructure companies and recommend viable funding options.
FG inaugurates five digital projects: The Federal Government has inaugurated five digital economy projects with the aim of diversifying the nation’s economy from natural resources economy to knowledge-based economy. Minister of Communications and Digital Economy, Isa Pantami, inaugurated the projects in Gombe State on behalf of the President, Major General Muhammadu Buhari (retd).
NRC begins Warri-Itakpe rail line passengers services :The recently inaugurated Warri-Itakpe rail line commenced the transportation of passengers on Friday. It is also getting set to start moving pipelines meant for the construction of the multi-billion dollar Ajaokuta-Kaduna-Kano gas pipeline. Warri-Itakpe rail line, a 326km railway facility, was inaugurated by the President, Major General Muhammadu Buhari (retd.) on September 29, 2020.
Government expecting 1 million MT of steel from $1.5 billion plant: The Federal Government has said that the $1.5billion steel plant that is nearing completion in Kaduna State will attract automobile industries to Nigeria when completed. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during an inspection tour of the African Natural Resources and Mines, an African Industries Group company in Kaduna.
FERMA, FHA partner to resolve roads, housing challenges: The Federal Roads Maintenance Agency and the Federal Housing Authority have entered into partnership to address challenges associated with road maintenance and affordable housing. The Managing Director, FHA, Senator Gbenga Ashafa, and his Executive Director, Business Development, Abdulmumin Jibrin, cemented the inter-agency partnership with the Managing Director of FERMA, Nurudeen Rafindadi, at a meeting between both agencies in Abuja.
FG to reexamine Economic fundamentals at NES#26: The Minister of Finance Budget and National Planning, Mrs. Zainab Ahmed, has said the 26th Nigerian Economic Summit (NES#26) will provide an opportunity to rethink the country’s economic fundamentals and deliberate on the impact of the global COVID-19 pandemic.
FG, States and LGs shared N639.9 billion in September: The three tiers of government shared a total of N639.9 billion from the Federation Account in September 2020, the Federation Accounts Allocation Committee announced on Thursday. FAAC announced this after its October 2020 meeting which was chaired by the Permanent Secretary, Federal Ministry of Finance, Aliyu Ahmed, at the headquarters of the ministry in Abuja.
Nigeria’s economy will contract by 4.3% in 2020- IMF: The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was released on Tuesday. The IMF had earlier in April predicted a 3.4 per cent contraction of the economy. It also predicted 5.4 per cent contraction in June.
Nigeria’s inflation rate hits 13.71%, highest rate in 30 months: Nigeria’s inflation rose to 13.71 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price Index report for September. Part of the report read, “The consumer price index which measures inflation increased by 13.71 per cent (year-on-year) in September 2020.
Minister eyes 45% ICT contribution to Nigeria’s GDP: The Minister of Communications and Digital Economy, Dr Isa Pantami, says the impact of the digital economy through the e-commerce, online payments and other digital services can add 45 per cent to the country’s Gross Domestic Product.
AWARDS & RECOGNITION

Harvard-Business-Review-Case-Study
HARVARD BUSINESS REVIEW

Infrastructure in Nigeria: Unlocking Pension Fund Investments

Case Study by John D. Macomber and Pippa Tubman Armerding

Corporate Finance Awards 2018 – Most Innovative Infrastructure Finance –
Sub-Saharan Africa 2018

See Award Details

Development Partners

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