CBN’s 15 trillion infrastructure fund set to launch in October

September 15, 2021
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InfraCorp Plc, a N15 trillion infrastructure fund that will enhance finance for capital projects, will be created in October, according to the Central Bank of Nigeria.

The CBN Governor, Godwin Emefiele, announced this on Tuesday in Abuja at the Chartered Institute of Bankers of Nigeria’s annual banking and finance conference.

What the CBN Governor said

He stated that the project, which was designed by the CBN in collaboration with the African Finance Corporation and the Nigerian Sovereign Investment Authority, will aid in addressing the country’s infrastructure deficit.

He said, “In this regard, I am pleased to announce that InfraCorp, the infrastructure company being created by the CBN, African Finance Corporation and the Nigerian Sovereign Investment Authority to raise N15 trillion, will be unveiled in October 2021.

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