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N15trn infrastructure fund: CBN fixes October for official launch

by Kunle Awosiyan
Emefiele

The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects, will be launched in October.

The CBN Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja at the annual banking and finance conference organised by the Chartered Institute of Bankers of Nigeria.

He said that the project, which was conceptualised by the CBN alongside African Finance Corporation and the Nigerian Sovereign Investment Authority, will help to address the challenge of infrastructure deficit in the country.

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