Nigeria has signed a cooperation agreement with the International Finance Corporation (IFC), part of the World Bank Group, to accelerate Nigeria PPP Infrastructure Projects across key sectors. The Federal Ministry of Budget and Economic Planning will work with IFC’s Transaction Advisory Services to develop projects in transport, energy, information technology, and sanitation. Together, they aim to attract private capital and global expertise to help close Nigeria’s growing infrastructure gap.
Nigeria needs about USD 14.2 billion every year for urban infrastructure over the next decade. However, public budgets alone cannot meet this demand. Therefore, the new partnership focuses on early project preparation, strong feasibility studies, and clear risk-sharing structures. These steps help investors understand opportunities faster and with more confidence. At the same time, the programme aligns with Nigeria’s National Integrated Infrastructure Master Plan, which promotes PPPs as a core delivery model. As cities expand and service needs rise, this approach offers a practical way to deliver modern infrastructure while easing pressure on government finances.
IFC Africa Vice President Ethiopis Tafara said the agreement builds on IFC’s long partnership with Nigeria and supports inclusive growth through modern state assets. Nigeria’s Minister of Budget and Economic Planning, Abubakar Bagudu, added that the focus remains on preparing projects properly so investors gain clarity on risks, timelines, and returns.
Over the past five years, IFC has supported Nigeria in infrastructure, energy, agribusiness, healthcare, finance, and the digital economy. During this period, it helped mobilise billions of dollars in private investment and supported job creation nationwide. Now, the new pipeline will strengthen market engagement at an early stage. It will also improve transaction design and procurement planning. As a result, developers and lenders can assess opportunities with greater certainty. Regional firms and global investors already show growing interest, especially in transport and power. With better preparation, Nigeria PPP Infrastructure Projects now stand a stronger chance of reaching financial close faster and at lower overall risk.
The agreement also reflects Nigeria’s wider shift toward PPP-led development. In transport, concessions can speed up highway upgrades and urban mobility schemes. In energy, private participation supports more reliable power for homes and industry. Meanwhile, digital PPPs expand broadband access, and sanitation projects improve public health in fast-growing cities. International experience shows that well-structured PPPs often deliver projects faster and transfer operational risks to capable private partners.
Nigeria now aims to change that trend through clearer frameworks and IFC-backed project preparation. Looking ahead, Nigeria PPP Infrastructure Projects could strengthen supply chains, deepen local capital markets, and improve essential services for millions. For policymakers and investors alike, this partnership marks a shift from policy planning to real delivery. More importantly, it signals Nigeria’s readiness to work closely with the private sector to build resilient infrastructure and support long-term economic growth.
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