IFC Invests ₦60b in Infrastructure Development in Nigeria

International Finance Corporation, (IFC) said it has invested 25%, about ₦60 billion of its 2012 total investment in Nigeria on infrastructure.

The Vice President, Sub-Saharan Africa, Latin America and the Caribbean, Jean Philippe Prosper said the infrastructure and natural resources sector got 25%, about ₦60billion, while manufacturing and agribusiness got 25%, the financial markets got ₦120billion about 50% of the total investments,  in Lagos while interacting with news men during his visit to Nigeria.

He further noted that IFC has invested a total of $1.5billion in Nigeria within the organization’s last fiscal year that ended in June, 2013. Nigeria’s economy is providing veritable opportunities, presenting huge prospects for growth and IFC will continue to do more businesses in Nigeria.