The Vice President of the Nigeria Infrastructure Fund (NIF) at the Nigeria Sovereign Investment Authority (NSIA), Abraham Durosawo, canvassed the need to adopt a “village” approach to infrastructure financing in order to achieve the ambitious $1 trillion economy target set by the Federal Government within the next five years.
The investment expert made this remark at the 2026 Financial Correspondents Association of Nigeria (FICAN) Abuja Chapter Annual Conference/Annual General Meeting (AGM) with the theme “Actualising President Bola Ahmed Tinubu’s $1 Trillion Economy Agenda.”
Durosawo, who represented the Managing Director/Chief Executive of the NSIA, Mr. Aminu Umar-Sadiq, at the forum spoke on the scale of the challenge that must be removed in order to close the nation’s infrastructure gap, saying to brace the odds Nigeria requires an annual investment of $100 billion to $150 billion to close the current infrastructure deficit.
To achieve this investment, he pointed out that the NSIA would continue to play a pivotal role through the Presidential Infrastructure Development Fund (PIDF), by ensuring that projects are executed to international standards.
- Advertisement -
Noting that it takes a village to deliver this $1 trillion economy, Vice President of the NIF advised on the need for a shift in public perception regarding how projects are funded as the “universe of infrastructure” in Nigeria is currently powered by several distinct layers.
He listed the layers as including the PIDF, which is being managed by the NSIA in conjunction with the Federal Government; Tax Credit Initiatives by leveraging private sector resources for road construction in exchange for government tax benefits; Private Capital, the independent financing within the financial ecosystem for specific projects; and State-Led Interventions, which are projects being funded and managed at the sub-national level.
On concerns regarding the status of certain road projects from past administrations, the investment expert clarified that while some projects were subject to review due to fund control factors and policy updates, the ultimate goal remained value creation for the Nigerian people.
Durosawo hinted that a comprehensive review of the national infrastructure strategy was ongoing to ensure future implementations are both sustainable and efficient.
On the critical issue of energy, he restated the NSIA’s commitment to renewable energy through its strategic partnership with the Rural Electrification Agency (REA) by acting “as a catalyst to attract capital” to the sector.
Specifically, he clarified that the partnership was entered into to provide energy access to tens of millions of Nigerians currently off the grid, positioning renewable energy as a foundational pillar of the $1 trillion agenda.
The Vice President of the NIF concluded his goodwill message to the FICAN members by encouraging and the public to engage more deeply with the financial ecosystem to understand the creative structures such as those being used by the Bureau of Public Enterprises (BPE) and the Infrastructure Concession Regulatory Commission (ICRC) to address the nation’s lingering economic development constraints.
