The Federal Government has opened conversations with the International Finance Corporation – a member of the World Bank Group – on policy formation to utilise the capital market and other available funding options within Nigeria to fund infrastructure development through Public Private Partnerships.
This was the focus of a meeting between the Infrastructure Concession Regulatory Commission and the World Bank Team, who were on a fact-finding mission on how to develop and unlock the capital market in Nigeria.
A statement signed by the acting Head, Media and Publicity, Ifeanyi Nwoko, disclosed this on Sunday in Abuja.
Speaking during the meeting, the ICRC Director-General, Dr Jobson Ewalefoh, said that the visit of the team was an important one that could redefine the space of infrastructure development in Nigeria.
He said that alternative finance options like unlocking the capital market to fund PPPs were at the heart of his innovative financing policy agenda.
Speaking further after the technical meeting, Ewalefoh said that funding was at the core of infrastructure development. Hence, it would be a milestone to unlock the capital market.
