Nigeria expected to be major player at Africa Investment Forum 2019

abuja businessNigeria is all set to feature significantly in the 2019 Africa Investment Forum, scheduled to take place in Johannesburg from 11-13 November

The Nigerian roadshow, held 9 July, was organised by the Nigeria Country Department of the Bank in collaboration with the Africa Finance Corporation. It was attended by major industry players including policymakers and representatives of state governments.

Speaking at the event, Ekiti State governor Dr Kayode Fayemi emphasised the role of private capital to deliver the infrastructure required to grow Nigeria’s economy and provide jobs for millions of young Nigerians.

“With the support of the AfDB and the African Finance Corporation, and the quality of investors that attended the inaugural edition in South Africa last year, I am confident that if we put our best foot forward, we will receive significant funding commitment for investments across Nigeria and the continent,” Fayemi said.

Senior bank director for the Nigeria Country Office Ebrima Faal highlighted Nigeria’s prominence during the 2018 Forum. Nigeria was very visible. Out of the 63 boardroom deals presented at the Forum, Nigeria had five deals worth US$7bn. This represents 14.9 per cent of the total deals accounted for on the continent and 43 per cent of the deals accounted for the region.

According to Africa Finance Corporation’s senior director Taiwo Adeniji, “Building on the success recorded in 2018, it is expected that Nigeria will be a major participant at the 2019 Forum. The Africa Finance Corporation is keen to support Nigerian businesses across sectors to ensure effective project implementation to boost economic development.”

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