NSIA, InfraCo Set to Enhance Nigeria’s Infrastructure

The Nigerian Sovereign Investment Authority (NSIA) has said it will collaborate with the newly-established infrastructure company (infraCo) to support the development of Nigeria’s infrastructure.

President

Muhammadu

Buhari recently approved the establishment of the infraCo, a public-private partnership (PPP)-styled infrastructure company with an initial seed capital of N1 trillion to help address Nigeria’s huge infrastructure deficit.

Speaking on the sidelines of a seminar for journalists, organised by The Whistler Newspaper, the Head of Corporate Communications, NSIA, Mr. Titilope Olubiyi, said at the appropriate time, the agency would partner and provide its expert advice to infraCo to enable it succeed.

The seminar entitled: “COVID-19 and Journalist: Effective Reporting of the NNPC, PenCom and NSIA”, had the Senior Lecturer, Mass

Communication Department, University of Lagos, Dr. Tayo Popoola; and a former Correspondent at Bloomberg, Mr. Vincent Nwanma, as facilitators.

“If you look at all the announcements that were made, our Managing Director will serve on the board of InfraCo. So, we expect that there will be times where NSIA will partner with InfraCo and perhaps at other times, as the opportunity presents itself, we expect that we will probably advise on projects because we have been in the infrastructure space for quite some time.

“We, are delighted with the development. Indeed, we were part of the process leading up to the announcement”, Olubiyi said.