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Group Demands Transparency, EIAs Over JBS’ $2.5bn Nigeria Investment
Group Demands Transparency, EIAs Over JBS’ $2.5bn Nigeria Investment
By: Michael Mike
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has demanded full disclosure of the agreement between the Federal Government and global meat-processing giant JBS over its proposed $2.5 billion investment in Nigeria, warning that the project must not proceed without rigorous environmental and multi-sectoral scrutiny.
The environmental rights organisation said it was not opposed to foreign investment, job creation or industrial development, but insisted that the proposed JBS project must be subjected to transparent negotiations, independent environmental assessments and effective regulatory oversight to ensure that Nigerians and host communities do not bear the cost of the investment.

Deputy Executive Director of ERA/FoEN, Mariam Bassey-Olson, said the controversy surrounding the proposed investment should not be framed as a choice between development and opposition to foreign capital.
She said the critical issue was the nature of the investment, its terms, the resources it would require and its potential consequences for Nigeria’s farmers, communities, environment and food system.
“When people hear a company is coming to Nigeria and is bringing $2.5 billion, our first reaction is fantastic jobs, investment, infrastructure and development. But before we celebrate the numbers, we need to pause and ask a fundamental question: what exactly is this investment?” she said.

The proposed project reportedly involves the establishment of six facilities — three poultry, two beef and one pork processing plants — a scale ERA/FoEN said demands comprehensive scrutiny because of its potential implications for land ownership, livestock production, water resources, biodiversity, agriculture, local markets and food security.
Bassey-Olson said the debate was fundamentally about Nigeria’s control over its food system and whether local farmers and communities would retain meaningful economic opportunities as large-scale industrial production expands.

“This is about our land, our livestock, our people, our communities, our biodiversity, our farmers, our feed, our water, our markets, our food security and our food sovereignty,” she said.
She stressed that ERA/FoEN was not opposed to investment, arguing that foreign capital could support development when governed by policies that prioritise public interest.
“We are not against investment. We are not anti-investment. We are saying investment must have a people’s face. Investment must protect public interests,” she said.
The organisation consequently demanded the immediate publication of the agreement or Memorandum of Understanding between JBS and the Nigerian government, saying the public should be able to examine the conditions attached to a project of such magnitude.
Bassey-Olson said ERA/FoEN had sought details of the proposed investment since 2024 but that the agreement had remained outside the public domain.
“We want to know the terms of this investment. What does it mean for our people? What lands have been allocated? Have Environmental Impact Assessments (EIAs) been done? What will happen to our water? What will happen to the economy? Where will the land be sourced from?” she asked.
She argued that making the agreement public would not undermine the investment but would instead strengthen confidence in the government’s handling of the project.
“If you have something and you are coming to help the people as you claim, you should be very open in sharing whatever you have with the people,” she said.
The organisation also raised concerns over the possible regional consequences of a large-scale industrial meat operation in Nigeria, arguing that pollution, emissions, wastewater management and other environmental impacts could affect communities and ecosystems beyond the immediate project locations.
Bassey-Olson urged the African Union and other regional institutions to pay attention to major investments of this nature, warning that decisions taken by Nigeria could influence investment and environmental standards across Africa.
“If something is normalised in Nigeria, other countries will pick up and say, since Nigeria is our big brother, we should do it,” she said.
She further questioned the implications of JBS’ reported changes to previous climate commitments, insisting that Nigeria should assess the company’s environmental record and commitments before approving operations on such a large scale.
“If a company can backtrack, what does that mean for Nigeria?” she asked, stressing that enforceable environmental safeguards should take precedence over corporate assurances.
Also speaking, Joyce Brown, Director of Programmes at the Health and Modern Health Foundation, said concerns over the investment were informed partly by reports and controversies surrounding JBS’ environmental and socioeconomic record in some countries where it operates.
Brown said Nigeria should learn from experiences elsewhere and establish strong regulatory mechanisms capable of ensuring that the proposed investment generates broad-based economic benefits without imposing disproportionate costs on local communities, farmers or the environment.
“We want a situation where there are policies in place, there are structures in place that ensure that these sorts of investments are beneficial to the people,” she said.
She expressed particular concern over the absence, to the organisation’s knowledge, of evidence that Environmental Impact Assessments had already been conducted for the proposed facilities.
“So far, there is no evidence of any EIA conducted already,” Brown said.
She acknowledged reports that land had already been allocated in Niger State, but insisted that comprehensive environmental assessments should precede construction and large-scale operations.
According to her, EIAs would enable regulators and affected communities to identify potential impacts on land, water, ecosystems and livelihoods and establish appropriate mitigation measures before irreversible damage occurs.
Brown also demanded publication of the government-JBS agreement, saying experts in agriculture, environment, health and other relevant fields should be given access to the document for independent assessment.
“The agreement that JBS has signed with the Nigerian government is not in the public domain. This is something that should be available for experts across the various sectors to review, to ensure that we are not at the receiving end of any negative implications such a large-scale investment can have,” she said.
She maintained that the campaign was a demand for due diligence rather than a rejection of foreign capital, urging the government to examine JBS’ international track record and incorporate lessons from other jurisdictions into Nigeria’s regulatory framework.
Brown further called for a coordinated review involving all ministries, departments and agencies whose mandates could be affected by the project.
She questioned whether the approval process had adequately involved the ministries responsible for agriculture, environment, health and other relevant sectors, given that the project would extend beyond livestock production.
“This is something that different ministries and departments of Nigeria should come together to review before it is endorsed,” she said.
Brown also expressed concern that the process appeared to be driven largely by the Ministry of Livestock Development, arguing that the scale of the proposed investment warranted broader government participation.
“We do not know if the Ministry of Agriculture, the Ministry of Environment, the Ministry of Health and other relevant agencies are involved in the approval for JBS to start operations in Nigeria,” she said.
ERA/FoEN and its partners, while leading a parade on the National Assembly, called on the legislative house to exercise legislative oversight over the investment, insisting that the project should be examined against its implications for land, water resources, public health, agriculture, food security and the livelihoods of host communities.
“This is an investment that will take large expanses of land, that will affect water resources, that will affect the local communities and the people who live and depend on these environments, and it must be taken very seriously,” Brown said.
Group Demands Transparency, EIAs Over JBS’ $2.5bn Nigeria Investment
News
UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states
UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states
…₦-free solar intervention targets underserved communities, strengthens maternal healthcare, emergency response, safety of women and girls
By: Michael Mike
The United Nations Population Fund (UNFPA) and the Signify Foundation have entered into a three-year partnership to deploy 10,000 solar lighting solutions to healthcare facilities in seven states and the Federal Capital Territory (FCT), in a move to address poor lighting and improve access to essential health services in underserved communities.
The initiative, which targets hard-to-reach communities, is designed to tackle one of the often-overlooked challenges confronting healthcare delivery in Nigeria: inadequate and unreliable electricity, particularly in facilities providing maternal and reproductive healthcare services.
Under the partnership, 4,170 Philips Essential SmartBright solar streetlights and 5,830 solar floodlights will be installed across selected healthcare facilities in Borno, Yobe, Lagos, Ogun, Sokoto, Akwa Ibom and the FCT.
The first consignment of 3,334 units, comprising 1,390 solar streetlights and 1,944 solar floodlights, is expected to arrive in Nigeria before the end of 2026.
The intervention is expected to improve the safety, accessibility and operational capacity of health facilities, particularly those serving women, girls, adolescents and other vulnerable populations.
Facilities to benefit include safe spaces, youth-friendly centres, obstetric fistula centres and MAMII health facilities, where reliable lighting is critical to ensuring that patients can access services in secure and dignified environments.
The partnership also comes against the backdrop of persistent electricity challenges in underserved communities, where inadequate lighting can constrain the delivery of healthcare, particularly at night, and expose patients and health workers to additional safety risks.
For maternal healthcare facilities, the availability of reliable lighting is particularly important for emergency deliveries, obstetric interventions and other situations requiring immediate medical attention outside normal working hours.
UNFPA Resident Representative in Nigeria, Ms Muriel Mafico, said reliable electricity remained one of the strongest enablers of quality healthcare, describing the partnership as an important intervention towards improving health outcomes in both development and humanitarian settings.
She said the provision of solar lighting would strengthen healthcare delivery by improving local infrastructure and enabling communities to extend service hours.
“This partnership will strengthen Nigeria’s healthcare delivery system by improving local lighting infrastructure.
“Reliable lighting will enable communities to extend service hours, strengthen emergency and maternal health responses, and improve confidentiality and safety for survivors in designated safe spaces. It will also create opportunities for youth engagement,” Mafico said.
She added that illuminating critical community facilities would support safer environments, strengthen community resilience and contribute to better outcomes for vulnerable populations.
Beyond healthcare delivery, the initiative is expected to improve protection and dignity for women and girls, particularly survivors of gender-based violence who require access to confidential support services in safe spaces.
The lighting intervention will also benefit adolescents and young people accessing youth-friendly centres, where a secure and welcoming environment is essential to encouraging them to seek information and essential health services.
Director of the Signify Foundation, Yue Cui, said the partnership reflected the importance of providing healthcare facilities with the infrastructure required to deliver services safely and effectively.
She said quality healthcare depended not only on medical personnel, medicines and equipment but also on creating safe and adequately lit environments for patients and health workers.
“Solar lighting is a practical solution, it is easy to install and maintain, and can serve communities for years.
“At a time when humanitarian resources are stretched, we hope this partnership shows how our interventions can make essential healthcare services safer and more accessible,” Cui said.
The partnership builds on previous interventions by the organisations in Syria and Sudan, extending their collaboration on sustainable lighting solutions to underserved communities in Nigeria.
The three-year programme also highlights the growing role of renewable energy interventions in strengthening essential social infrastructure, particularly in communities where conventional electricity supply remains unreliable or inaccessible.
UNFPA, the United Nations’ sexual and reproductive health agency, works towards a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled.
The Signify Foundation, an independent non-profit organisation primarily funded by Signify, works to expand access to lighting among underserved communities across the world.
With the first consignment expected before the end of 2026, the partnership is expected to provide an additional layer of support to healthcare facilities, particularly those operating in difficult humanitarian and development environments.
UNFPA, Signify partner to illuminate 10,000 healthcare facilities in seven states
News
Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation
Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation
…AGF calls for stronger institutional independence, practical safeguards for citizens amid emerging AI-related human rights challenges; NHRC records 384,196 complaints in October
By: Michael Mike
Nigeria and India have signed a bilateral agreement to strengthen human rights protection, institutional capacity and access to justice, with the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, pledging the Federal Government’s support for its implementation.

Fagbemi described the agreement as a strategic partnership between the two countries, stressing that its success would ultimately be measured by its impact on ordinary citizens, particularly vulnerable and marginalised groups seeking justice.
The agreement, executed between Nigeria’s National Human Rights Commission (NHRC) and its Indian counterpart, is designed to deepen institutional cooperation, facilitate knowledge transfer, promote technical exchanges and strengthen operational capacity in addressing human rights violations.
The Attorney-General stated the Federal Government’s position when he received a joint delegation of the two commissions at the Federal Ministry of Justice in Abuja, describing the partnership as timely in an increasingly interconnected world where effective human rights protection requires stronger legal frameworks, institutional collaboration and respect for the rule of law.
The development followed an engagement between the two commissions and the Chief Justice of Nigeria (CJN) at the Supreme Court Complex, Abuja, as part of a working visit by the Indian delegation.
The Nigerian delegation was led by the Executive Secretary of NHRC, Chief Tony Ojukwu, SAN, OFR, FICMC, while the Indian delegation was headed by the Chairperson of India’s NHRC, Justice V. Ramasubramanian, accompanied by the Commission’s Joint Secretary, Mr Samir Kumar.
Fagbemi said the partnership brought together two major democracies with shared common-law traditions, diverse populations and dynamic constitutional frameworks. He also expressed satisfaction with the thematic areas identified for cooperation under the agreement.
He specifically highlighted access to justice and the protection of digital rights as critical areas requiring urgent attention, particularly as emerging technologies, including Artificial Intelligence (AI), continue to reshape society and create new human rights concerns.
According to him, both countries must develop legal safeguards to protect data privacy, prevent algorithmic bias and safeguard civic space, while ensuring that technological advancement does not undermine fundamental freedoms.
He said the Ministry of Justice expected the two commissions to produce actionable research and policy recommendations capable of addressing these emerging challenges.
Beyond emerging technologies, the Attorney-General stressed that Nigeria’s commitment to human rights must be reflected in the practical implementation of constitutional guarantees and international obligations rather than merely in the existence of legal provisions.
He cited the African Charter on Human and Peoples’ Rights, which Nigeria domesticated through the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act, Cap. A9, Laws of the Federation of Nigeria 2004, as a major instrument underpinning the country’s human rights jurisprudence.
The Charter provides important protections relating to non-discrimination, human dignity, fair trial and personal liberty, reinforcing the fundamental rights guaranteed under Nigeria’s Constitution.
Fagbemi maintained that the true measure of a country’s commitment to human rights was its ability to translate constitutional provisions into accessible institutions, accountable public authorities and an independent judiciary.
He assured the Indian delegation that the Federal Ministry of Justice fully supported the bilateral initiative and was prepared to facilitate technical engagements, joint legal reviews and policy consultations aimed at improving the efficiency of the justice sector.
The Attorney-General also reaffirmed the institutional independence of Nigeria’s National Human Rights Commission, stressing that its autonomy was essential to its credibility and effectiveness.
He specifically drew attention to Section 6(3) of the National Human Rights Commission (Amendment) Act, 2010, which provides that the Commission, in exercising its statutory functions, shall not be subject to the direction or control of any other authority or person.
According to him, the administration has continued to respect and protect the Commission’s statutory independence, describing it as fundamental to institutional integrity.
He further noted that the relationship between the NHRC and the Federal Ministry of Justice had been characterised by constructive institutional synergy, mutual respect and a shared commitment to advancing human rights.
The Attorney-General commended Ojukwu and the Nigerian commission for spearheading the bilateral initiative, while expressing appreciation to the Indian delegation for bringing its expertise and institutional experience to the partnership.
Meanwhile, Ojukwu has disclosed that the National Human Rights Commission recorded 384,196 complaints across its 38 locations nationwide in October 2026, representing an increase of more than 45,000 complaints, or 14 per cent, compared with September.
Presenting the Commission’s October 2026 Human Rights Situation Dashboard, the NHRC Executive Secretary said the monthly report remained an important part of the Commission’s commitment to transparency, accountability and evidence-based human rights protection.
He explained that the dashboard provides an opportunity to assess the country’s human rights situation, identify emerging patterns of violations and draw the attention of relevant authorities and stakeholders to issues requiring intervention.
Ojukwu stressed that the dashboard was more than a statistical report, noting that every complaint represented a person, family or community whose rights and dignity deserved protection.
According to him, the increase in complaints could partly reflect greater awareness of human rights and improved access to the Commission’s complaint mechanisms, while also underscoring the continuing challenges confronting individuals and communities across the country.
The October data showed that complaints relating to freedom from discrimination constituted the largest thematic category, with 217,243 complaints.
Of this figure, 184,624 were recorded under the protection of internally displaced persons, highlighting the scale of protection needs among displaced populations and the importance of ensuring that displacement does not deprive individuals and families of their dignity, security and access to basic rights.
Ojukwu said the figures reinforced the need for public institutions to remain responsive, accountable and guided by their human rights obligations.
The NHRC Executive Secretary also highlighted persistent insecurity as a major human rights concern during the reporting period, citing reports of killings, armed attacks and abductions across different parts of the country.
He said the Commission’s Human Rights Observatory documented incidents involving attacks on farming communities, travellers, students, traditional leaders and security personnel.
Particularly concerning were reports of mass killings and abductions in parts of Taraba, Borno, Zamfara, Niger and Plateau States, among other locations.
According to Ojukwu, the incidents have direct human rights implications, affecting the rights to life, liberty, dignity and security of person, disrupting livelihoods, restricting freedom of movement and exposing children and other vulnerable persons to further risks.
He urged relevant security agencies to intensify efforts to protect affected communities, rescue abducted persons and ensure that perpetrators were brought to justice in accordance with the law.
The Commission also expressed concern over the continuing vulnerability of women and children to sexual and gender-based violence, exploitation and abuse.
Ojukwu disclosed that the October Observatory recorded several incidents involving alleged rape and sexual abuse of children, trafficking, domestic violence and other forms of abuse.
Reports of children subjected to severe physical violence, abandonment and neglect further demonstrated the need for stronger child protection mechanisms.
He called for stronger preventive measures, prompt and effective investigations, support for survivors and improved access to justice.
The Commission also documented alleged violations by public authorities and security personnel, alongside concerns relating to freedom of expression and civic space.
Ojukwu reiterated that democratic participation must be protected and disagreements must not be resolved through violence or intimidation. He also stressed the importance of investigating allegations of abuse by public officials through appropriate accountability mechanisms.
The Executive Secretary further raised concerns over electoral violence and political intolerance ahead of the January elections, calling on political actors to exercise restraint and conduct themselves within the provisions of electoral laws and human rights standards.
He emphasised that elections, both in process and outcomes, reflected the interplay of various human rights, with the right to participation serving as a cornerstone of constitutional democracy.
However, he observed that the playing field of the electoral process had not been level, inclusive or peaceful.
Ojukwu said the Commission had witnessed rising electoral violence and political intolerance in recent weeks, urging political actors to respect human rights and the law.
He also reiterated the Commission’s call for the prosecution of persons who had incited hateful and divisive speeches.
Despite the challenges, Ojukwu acknowledged developments during the reporting period that demonstrated the continuing relevance of institutions and processes in advancing human rights protection.
He cited decisions of the ECOWAS Community Court of Justice, including cases concerning the rights of persons in detention and the protection of communal land rights, as examples of the importance of access to justice and regional human rights accountability.
He also highlighted the Commission’s advocacy for economic and social rights during Nigeria’s 66th Independence Anniversary, when it called for rights-based development and equal justice for all.
Similarly, during World Teachers’ Day, the Commission emphasised the need for increased investment in teachers, schools and learning facilities, recognising that the right to quality education required safe learning environments and adequately supported teachers.
Ojukwu also highlighted the Commission’s collaboration with the Centre for Human Rights, University of Pretoria, and BAOBAB for Women’s Rights on the protection of women’s rights.
The Commission convened a two-day stakeholders’ engagement on Nigeria’s implementation of the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa, popularly known as the Maputo Protocol.
The engagement brought together government representatives and civil society organisations to discuss implementation of the Protocol, including the responsibilities of government institutions and the contribution of civil society through monitoring, documentation and shadow reporting.
The Commission also welcomed the participation of the Special Rapporteur on the Rights of Women in Africa, Honourable Commissioner Janet Ramatoulie Sallah-Njie.
Earlier, during the engagement with the Chief Justice of Nigeria, Ojukwu emphasised the complementary responsibilities of the judiciary and national human rights institutions in protecting fundamental freedoms, upholding the rule of law and ensuring access to justice.
He identified complaint management, Alternative Dispute Resolution, security sector accountability, comparative legal research, digital rights, Artificial Intelligence ethics and environmental justice as priority areas for cooperation between both countries.
The Chief Justice reaffirmed the commitment of the Nigerian Judiciary to human rights protection and encouraged both commissions to exchange experiences and adopt best practices, particularly in strengthening safeguards for vulnerable groups, including women, children and persons with disabilities.
The Indian delegation described the engagement as significant to relations between the two countries, noting that the MoU represented a first-of-its-kind institutional partnership for India’s National Human Rights Commission.
According to Ojukwu, the agreement provides a framework for cooperation in the exchange of expertise and best practices, capacity building, joint research and publications, as well as engagement on regional and international human rights issues.
He said the partnership would provide an opportunity for both institutions to learn from each other’s experiences, deepen institutional capacity, broaden their knowledge base and strengthen their respective approaches to the promotion and protection of human rights.
The NHRC Executive Secretary expressed the Commission’s commitment to translating the agreement into practical programmes and sustained cooperation through deliberate planning, regular engagement and the implementation of mutually agreed activities.
The agreement is expected to promote sustained institutional exchanges, strengthen complaint-handling mechanisms, improve professional capacity and encourage comparative research into legal and policy approaches to human rights protection.
Ojukwu also stressed that human rights protection could not be achieved by the Commission acting alone, requiring the commitment of government institutions at all levels, security and law enforcement agencies, the justice sector, civil society organisations, development partners, the media and citizens.
He said the NHRC remained committed to strengthening its monitoring and reporting mechanisms, improving the handling and resolution of complaints, and ensuring that documented concerns informed policy, institutional reforms and appropriate interventions.
He maintained that the Commission’s objective was not merely to record violations after they occurred, but to contribute to a system in which violations were prevented, victims obtained justice and public institutions were held accountable.
Fagbemi, however, cautioned that the ultimate benchmark of the agreement must go beyond official engagements and institutional exchanges to deliver tangible improvements in the lives of citizens, especially those most vulnerable to violations and denied access to justice.
He expressed confidence that the partnership would advance the shared commitment of both countries to human dignity, justice and the protection of fundamental rights.
Nigeria, India Sign Human Rights Agreement as Fagbemi Pledges Support for Implementation
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19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund
19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund
…UK-backed FSD Africa partners pension industry to mobilise $600m in domestic capital for energy, transport and digital infrastructure
Michael Olugbode in Abuja
By: Michael Mike
Nigeria’s pension industry is seeking to mobilise approximately $600 million from domestic pension funds for a proposed $750 million infrastructure investment platform, which has already attracted interest from 19 Nigerian pension funds.
The initiative, known as the Pension Industry Infrastructure Platform (PIIP), is being developed by the Pension Industry Leadership Council (PILC) in partnership with UK-funded specialist development agency, FSD Africa, to finance infrastructure projects in Nigeria and selected markets across the region.
The partnership was formalised through the signing of an agreement to support the development of the proposed fund.
Under the agreement, FSD Africa will provide PILC with expert advice and technical support, including assistance in selecting a fund manager through a competitive process, engaging potential investors and Development Finance Institutions (DFIs), building capacity and supporting necessary regulatory reforms.
The initiative, developed by Nigerian Pension Fund Administrators (PFAs), with support from the National Pension Commission (PenCom) and FSD Africa, seeks to bring together pension funds and development finance to provide long-term financing for infrastructure projects.
UK Deputy High Commissioner in Lagos, Jonny Baxter, said the partnership reflected the shared ambition of Nigeria and the United Kingdom to deepen Nigeria’s capital markets, mobilise domestic investment and channel long-term capital into the real economy.
He said the UK was proud to partner with Nigeria’s pension industry and PenCom to advance the investment initiative.
“Both our countries are prioritising tackling the challenge of attracting more domestic capital, including from pension funds, into the real economy. It is great to see Nigeria making concrete progress on its efforts and be a part of those opportunities to turn this ambition into investment, jobs, and economic growth,” Baxter said.
Chair of PILC and Director-General of PenCom, Omolola Oloworaran, described the proposed platform as timely, saying the pension industry was committed to mobilising its long-term savings capital for infrastructure development while safeguarding contributors’ retirement savings.
“The pension industry holds the largest pool of long-term savings capital in the country, and we are committed to mobilising it to deepen infrastructure development, while safeguarding the retirement savings of contributors. This MoU is the first step we are taking as an industry, and it is just the beginning,” she said.
Chief Executive Officer of FSD Africa, Mark Napier, said the proposed investment structure held significant promise for Nigeria and Africa.
He noted that the continent had substantial institutional capital but continued to face major infrastructure funding deficits.
“We have observed for several years now the paradox of Africa having significant institutional capital while at the same time facing big infrastructure funding deficits. We are keen to work with PenCom and the pension industry in Nigeria to address this and unlock the capital they manage towards Nigeria’s priority infrastructure,” Napier said.
The proposed platform is targeting an initial capital mobilisation of $350 million at its first close, expected in 2027, before scaling up to $750 million.
At its final target size, PIIP aims to mobilise approximately $600 million from Nigerian pension funds and at least $150 million from development finance institutions.
An initial assessment of Nigeria’s infrastructure pipeline identified 39 projects with potential relevance to the platform, representing approximately $20 billion in investment needs.
The platform will invest in equity and quasi-equity capital, with at least 60 per cent of its portfolio allocated to projects in Nigeria and the remainder available for selected regional investments.
Its proposed structure will comprise a naira-denominated core investment fund and a separate co-investment vehicle, allowing participating pension funds to invest alongside the core fund in selected projects.
A parallel foreign-currency vehicle may also be established to accommodate international investors.
The structure is designed to provide institutional investors with access to professionally managed, long-term investment opportunities while helping to finance infrastructure projects that improve connectivity, support business growth and contribute to Nigeria’s wider economic development.
19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund
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