The Central Bank of Nigeria has said that it will launch InfraCorp Plc in October. It is N15trn Infrastructure Fund which is aimed to boost funding for capital projects in the country.
According to the CBN Governor, Godwin Emefiele, the project will help to address the challenge of infrastructure deficit in the country.
“InfraCorp would enable the use of mostly private capital to support infrastructure investment that will have a multiplier effect on growth across critical sectors.
“The purpose of the N15tn being raised is to address some of our infrastructure needs, while providing reasonable returns to investors.
“We believe this well-structured fund can act as a catalyst for growth in the medium and the long run. The support of the banking community will be important in achieving this objective.”