We’ll Increase our Investment in Nigeria to $2 Billion by 2014, IFC Reveals

Solomon Adegbie-Quaynor, the Country Manager of the International Finance Corporation (IFC) has revealed that the IFC plans a 25% boost in Nigeria investments to $2 billion by next year. He told Bloomberg that, “We are partnering with the Nigerian Sovereign Investment Authority and also looking at institutions to work with for activities in banks, power, gas, transport and agriculture.” Power “is identified as largest constraint to private-sector growth”, and he hopes the investment assists in improving it.