International Finance Corporation To Invest $1.5 Billion In Nigeria

International Finance Corporation To Invest $1.5 Billion In Nigeria

ift-logoInternational Finance Corporation (IFC) says it is investing 1.5 Billion US dollars in the housing, transportation and Power sectors of the Nigerian economy. The vice president and Chief Executive Officer of the corporation, Jin-Yong Cai stated this during a media briefing in Abuja.

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Nigeria, a fast growing economy, has continued to receive more investors in different parts of the economy. Such investors include the international finance corporation, which has expanded the scope of its activities in different countries including Nigeria.

The vice president of IFC, Jin-yong Cai stated that the corporation is focusing more on power generation, distribution and natural gas.

Zero Option for Corruption: Ngozi Okonjo-Iweala

Finance Minister, Ngozi Okonjo-Iweala said the transformation agenda of the present administration is yielding result as it has brought in different investors into the Country.

Nigeria has now become a key target of investment due to the arguable economic growth in different parts of the country including the power and housing sectors.

Reporter: Oyeyemi Ajayi, Abuja.

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