PIDG Mobilizes N300 Billion for Nigeria's Infrastructure

Saeed Ibrahim, Director of Sustainable Impact at the Private Infrastructure Development Group (PIDG), stated that Nigeria remains a priority market for the organization despite facing economic and foreign exchange challenges. In an interview, he revealed that PIDG has mobilized over N300 billion in domestic investment across 24 transactions through partnerships with the Nigerian Sovereign Investment Authority (NSIA) and InfraCredit.

Ibrahim discussed Nigeria's significant infrastructure financing gap and the necessity to attract stable foreign investment rather than short-term portfolio flows. He advocated for foreign investors to collaborate with strong local institutions to build domestic capacity.

Ibrahim identified agro-processing as a crucial area for future investment, suggesting that transitioning from raw commodity exports to processed products could enhance foreign exchange earnings, create jobs, and promote industrialization. He also addressed how PIDG has managed investment challenges, including naira volatility and high interest rates, while remaining optimistic about Nigeria's long-term growth prospects.