Nigeria and United Kingdom (UK) have launched an intensive partnership process aimed at unlocking fundings for strategic investments and deepen listings on the Nigerian capital market.
The partnership, being implemented through the Nigerian Exchange (NGX) and Mobilising Institutional Capital Through Listed Product Structures (MOBILIST), is being facilitated by the UK Government’s Foreign, Commonwealth and Development Office (FCDO).
The partners are expected to meet tomorrow with a high-level audience of Nigeria’s captains of industry, regulatory bodies, government agencies, policymakers, financial advisors, capital market solicitors, and thought leaders to intensify discussions around the core objectives of the collaboration. The partnership aimed at supporting investment solutions that align with global goals for sustainable development.
Analysts said the partnership could help channel finance to high-impact infrastructural projects in Nigeria, especially in the areas of power, roads, agriculture, housing, credit system and financial technologies among others. Alongside British International Investments and the Private Infrastructure Development Group, MOBILIST is a part of the UK’s British Investment Partnerships toolkit. MOBILIST had invested in the initial public offering (IPO) of Thai Credit Bank to enable its listing on the Stock Exchange of Thailand (SET). The UK government had also through MOBILIST, provided £24.5 million of seed capital to the Asian Energy Impact Trust, enabling it to list on the London Stock Exchange (LSE).
