President Bola Tinubu on Thursday expressed Nigeria’s readiness to deepen collaboration with the International Finance Corporation (IFC) to bridge the country’s huge infrastructure deficit through public-private partnerships (PPPs).
Tinubu made the remarks during a meeting with IFC Managing Director Makthar Diop and his team on the sidelines of the Africa CEO Forum in Kigali.
The President welcomed IFC’s efforts in developing a PPP infrastructure pipeline, noting that Nigeria faces an annual urban infrastructure financing gap of about $14 billion.
“We welcome IFC’s work in advancing a PPP infrastructure pipeline to help address our annual urban infrastructure gap of about $14 billion. This is the type of practical partnership our reforms are designed to unlock,” Tinubu stated.
He highlighted key sectors targeted for investment, including urban infrastructure, water, land transportation, energy access, MSME finance, and local currency solutions.
The President said his administration is building a framework to channel capital into viable projects that will create jobs, boost productivity, and enhance regional connectivity with neighbouring countries.
“Nigeria is ready for serious capital, credible partners, and bankable projects,” he added.
Tinubu reaffirmed his commitment under the Renewed Hope Agenda to translate policy ambition into tangible delivery and improved living standards for Nigerians.
He expressed optimism about strengthening ties with the IFC and the broader World Bank Group to deliver infrastructure for growth, inclusion, and shared prosperity.
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