Gas infrastructure fund draws about N1.6tn in private investment
Nigeria’s Midstream and Downstream Gas Infrastructure Fund has used N671bn in public funds to attract about N1.6tn in private investment for 31 projects, according to the supplied report. It does not identify the projects, investors or their locations.
Nigeria’s Midstream and Downstream Gas Infrastructure Fund has attracted about N1.6tn in private investment for 31 projects, Punch Nigeria reported. The fund leveraged N671bn in public funds to secure the private investment, according to the supplied material. The figures indicate that the scheme combines government financing with private capital for gas infrastructure.
The report does not specify the individual projects covered by the programme or describe the infrastructure being built or financed. It also does not name the participating private investors, identify the projects’ locations or provide a timetable for their completion. The amount of private investment reported is substantially larger than the public funds used to attract it, although the available material provides no further explanation of the investment structure or the conditions attached to the financing.
The supplied report’s central information is that 31 projects have received or attracted about N1.6tn in private investment through the fund, following the deployment of N671bn in public money.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.