The Federal Government and the International Finance Corporation (IFC), a World Bank member, are discussing strategies to leverage Nigeria’s capital market for infrastructure funding through Public-Private Partnerships (PPPs).
According to a statement signed by the Acting Head, Media and Publicity, Ifeanyi Nwoko, this was discussed at a meeting in Abuja, where ICRC Director General, Dr. Jobson Ewalefoh, emphasized the need to unlock alternative financing for infrastructure development. The World Bank delegation, led by Patricia Canziani, introduced its Joint Capital Markets Programme (J-CAP) to support Nigeria’s investment climate.
Both parties acknowledged Nigeria’s investment potential but highlighted risks and investor concerns. The ICRC pledged to streamline PPP processes, while the World Bank committed to fostering investor confidence and developing new capital market products.
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