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Deji Elumoye in Abuja
President Muhammadu Buhari has approved the establishment of Infra-Co, a Public-Private Partnership-styled infrastructure company with an initial seed capital of N1 trillion, to tackle Nigeria’s growing infrastructure deficit.
Already, Vice President Yemi Osinbajo has been saddled with the responsibility of heading a Steering Committee to facilitate the take-off of the company.
Osinbajo’s Media Assistant, Laolu Akande, in a statement yesterday said with time, Infra-Co would grow to N15 trillion in assets and capital and that it would be one of the premier infrastructure finance entities in Africa to be wholly dedicated to Nigeria’s infrastructure development.
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital.