The federal government has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, on leveraging Nigeria’s capital market and other funding mechanisms to finance infrastructure projects through Public-Private Partnerships (PPPs).

According to a statement from the Infrastructure Concession Regulatory Commission (ICRC), signed by its Acting Head of Media and Publicity, Ifeanyi Nwoko, the discussions were part of a fact-finding mission by a World Bank team exploring strategies to develop and unlock Nigeria’s capital market for sustainable infrastructure funding.

During the meeting, ICRC Director-General Dr. Jobson Ewalefoh said the visit was significant and could redefine infrastructure development in Nigeria. 

He noted that alternative financing options, such as using the capital market for PPPs, are central to his innovative financing policy.

After the technical session, Ewalefoh explained that funding is a critical factor in infrastructure development, and unlocking the capital market would be a major achievement.