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Laolu Akande, senior special assistant on media and publicity to Vice-President Yemi Osinbajo, said in a press statement on Friday that the new entity is expected to grow to N15 trillion in assets and capital over time.
Akande said Buhari had asked Osinbajo to chair a steering committee tasked with setting up the company.
“The Infra-Co will be one of the premier infrastructure finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development,” the statement read.
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“The entity has been developed with concept designs from the National Economic Council (NEC) and the Central Bank of Nigeria.
Buhari Approves Formation Of Trillion Naira Company To Address Infrastructure Deficit channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 Trillion.
PMB approves formation of Trillion Naira Company to address infrastructure deficit nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
Buhari Okays Establishment of N1tn Infra-Co to Address Nigeria s Infrastructure Deficit thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.