NewStats: 3,264,489 , 8,183,863 topics. Date: Wednesday, 11 June 2025 at 09:45 AM 5n1g29

*To establish International Financial Centre in 12 months

Plans are underway for establishment of the Nigerian International Financial Centre, NIFC, in the next 12 months, just as the Central Bank of Nigeria, CBN, gets set to roll out the N15 trillion Infrastructure Corporation of Nigeria (Infra-Co) next month.

Disclosing these at the ongoing 14th annual banking and finance conference organised by the Chartered Institute of Bankers of Nigeria, CIBN, in Abuja yesterday, Governor of CBN, Godwin Emefiele, said, the NIFC will act as an international gateway for capital and investments in the country.

The company whose establishment was approved by President Muhammadu Buhari in February, is expected to get its initial seed capital from the CBN, the Nigerian Sovereign Investment Authority, NSIA, and the Africa Finance Corporation.

He stated: “InfraCorp would enable the use of mostly private capital to infrastructure investment that will have a multiplier effect on growth across critical sectors.

“The purpose of the N15 trillion being raised is to address some of our infrastructure needs while providing reasonable returns to investors.

“We believe this well-structured fund can act as a catalyst for growth in the medium and the long run. The of the banking community will be important in achieving this objective.”

On the establishment of NIFC, Ememfiele said: “The NIFC will act as an international gateway for capital and investments, driven by technology and payment system infrastructure.”

According to Emefiele, the NIFC, when operational, will be a 24-hour financial centre that will complement London, New York, and Singapore financial hubs.

He noted that the NIFC would complement other CBN efforts, such as the Nigerian Commodity Exchange and the National Theatre’s creative hubs for Nigerian youths, as well as the e-Naira project, which will be launched in October 2021.

“The NIFC will take advantage of our existing laws such as the BOFIA 2020, NEPZA and other CBN regulations to create a fully global investment and a financial hub where monies, ideas, and technology will move freely without hindrance,” Emefiele added.

Meanwhile, the Vice -President, Yemi Osinbajo, speaking at the event, stressed on the need for infrastructure development, saying that inadequate housing finance model among other challenges, is hindering the achievement of the federal government mass housing Programme.

https://www.vanguardngr.com/2021/09/fg-to-unveil-n15trn-infrastructure-company-in-october-cbn/amp/?

Them never handle naira, na this one now

una go just dey call money anyhow

How much loan dem go borrow out of it ooo. Lalasticlala.

Sebastine1994:
una go just dey call money anyhow

Money wey few politicians fit dash Nigeria.

eh eh u people sha dey look for all means to dey obtain everywhere...

Na anoda form of loan from people in Disguise b dix now...

October no be next month again, we dey here

Buhari should just sack Godwin Emefiele the way Jonathan did to Malam Sanusi. That man is useless to the CBN as the "P" in Psychology.

Government of to. They never commissioned any.

New avenue to steal billions


Ndoshi's

Ok

Emefiele is clueless.

Okk

Mumu Man. Having recked our country with reckless spending and poor policy. Shame on this man and his employer

Haters will still hate

Nice

Lori Ir...

Where will the 15 trillion to fund the company's capital come from?

White elephant company

Emefiele is a failure just like his boss

such a huge announcement.

Funny. Nothing to swallow economy crisis.

Nigeria's case is a pitiable one. When lecturers and professors were made umpires in the last elections we thought that would be a game changer. But alas those people that were meant to be worthy in character and learning displayed crass irresponsibilities and corruption. Do we have 'men of conscience" in Nigeria? . I am not talking about religious leaders but men that have built their lives on some moral principles of a kind. It can only take a miracle to salvage Nigeria.

This country is very blessed with very useless leaders I swear..

This is audacious! May God grant us success. This was how the GSM revolution started and today now a cash cow with significant contribution to our GDP.

The naysayers will see it but will never be blessed by it at its fruition.

I want to commend the patriots who worked hard to start this initiative and I pray that God will bless you with all the resources to make it phenomenal.

All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria
FreeStuffsNG

ogododo:


https://www.vanguardngr.com/2021/09/fg-to-unveil-n15trn-infrastructure-company-in-october-cbn/amp/?

APC and their cow head of state and fulani government should just pack their incompetent bag and go away!!!.clueless idiots, you had over 6 years to make positive change and it's at the closing ceremony of your government that you now start to discover illusionary solutions. Bastards

Really!
Can any good thing come from Daura and Buhari?


Time will tell watching in 5D