Abuja - As part of efforts to boost transport, energy and utility sectors across West Africa, one of Nigeria leading financial institutions, ARM is set to launch Nigeria’s first infrastructure fund.
The target fund size according to the New Telegraph is $250 million and is expected to come from some Nigerian pension funds and other institutional investors such as the African Development Bank.
Opuiyo Oforiokuma, ARM’s Managing Director said the fund will target equity stakes in airport and sea port projects across West Africa.
He noted that this will be the first time pension funds administrators are investing in infrastructural development.
Read more at New Telegraph
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