The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, says the N15 trillion Infrastructure Company Limited created by the federal government to bridge the nation’s huge infrastructure gap is to take off in the third quarter of the year.
Vice President Yemi Osinbajo says that although the government’s economic reforms had paid off in telecommunications, pension and maritime sectors, the current administration was making efforts to address the challenges in the power sector privatisation.
Emefiele says the federal government had approved KPMG as the financial adviser to InfraCo, adding that the firm is expected to commence operations in the third quarter of 2021.
He stated that for Nigeria to attain meaningful growth, there must be huge investments in key sectors of the economy, including infrastructure such as rail and power, among others.