ICIEC Bolsters Nigeria’s Infrastructure Drive With Focus On Private Sector Growth.
In a significant step towards advancing Nigeria’s infrastructure ambitions, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has reaffirmed its commitment to supporting the nation’s economic agenda. On Monday, a high-level ICIEC delegation, led by Director of Legal Affairs Mr Hassan Idris, met with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in Abuja to discuss deepening financial collaboration and accelerating the delivery of critical infrastructure projects.
During the meeting, Minister Edun underscored the vital role of risk mitigation tools in attracting private investment to key sectors such as energy, transportation, and housing. “We greatly value ICIEC’s ongoing support for initiatives that enhance productivity and improve livelihoods,” Edun remarked. He further noted that ICIEC’s backing of commercially viable and socially impactful infrastructure projects is helping Nigeria foster a more inclusive economy, empowering the private sector to drive job creation and innovation.
Mr Hassan Idris, speaking earlier, reiterated ICIEC’s dedication to de-risking major infrastructure investments and unlocking financing for private sector-led development. He highlighted the corporation’s readiness to provide credit and political risk guarantees, which are designed to catalyse both domestic and international capital flows into projects that stimulate economic growth and employment opportunities.
The visit signals a renewed commitment to aligning financial instruments with President Bola Ahmed Tinubu’s infrastructure priorities. It also underscores a shared vision for stronger cooperation in mobilising resources to deliver tangible, measurable benefits for Nigerians. As the partnership between Nigeria and ICIEC strengthens, the focus remains on fostering sustainable development and empowering the private sector to play a pivotal role in the nation’s economic transformation.
This collaboration marks a promising step forward in Nigeria’s journey towards building a robust and inclusive economy, with infrastructure as a cornerstone of progress.