Nigeria Partners with IFC to Fund Infrastructure Projects

Nigeria is opening the door to billions in private investment through a new partnership designed to transform the country's infrastructure.

The Federal Government signed a cooperation agreement with the International Finance Corporation (IFC) on Wednesday in Abuja. The goal is simple but powerful: prepare bankable infrastructure projects that private investors can confidently fund.

Minister of Budget and Economic Planning Senator Abubakar Atiku Bagudu explained why this matters for Nigeria's 230 million people. The country needs major improvements in rail, energy, water security, healthcare, and digital connectivity.

"This agreement aims to ensure that we prepare projects adequately so investors can have confidence and clarity on where to allocate capital," Bagudu said. The partnership supports President Bola Ahmed Tinubu's reform agenda focused on macroeconomic stability and private sector growth.

IFC Vice President for Africa Ethiopis Tafara called the agreement the result of a year of collaboration. The cooperation will strengthen how Nigeria identifies, structures, and delivers high-impact projects across key sectors.

The Ripple Effect

This partnership could unlock opportunities far beyond infrastructure itself. When countries build reliable energy grids, modern rail systems, and digital networks, businesses grow faster and create more jobs.

IFC Regional Director Dahlia Khalifa emphasized Nigeria's strong growth prospects thanks to ongoing reforms and its young population. But those advantages can only flourish with robust infrastructure and effective public-private partnerships.

"That is what tonight is about: creating the framework for partnerships to thrive and deliver shared prosperity for all Nigerians," Khalifa said. The agreement marks a major milestone in preparing Nigeria for sustainable, long-term development.

The framework gives private investors the clarity they need while ensuring projects meet real needs across healthcare, transportation, and essential services. It's a win for government efficiency and a win for the millions of Nigerians who will benefit from better infrastructure.

Nigeria is building the foundation for shared prosperity, one bankable project at a time.