FG Seeks Risk Mitigation to Attract Private Investment in Key Sectors
By Patience Ikpeme
The Federal Government has conveyed the importance of utilizing risk mitigation tools to attract private investment, particularly in vital sectors such as energy, transportation, and housing.
This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a meeting in his Abuja office today with a high-level delegation from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), led by its Director of Legal Affairs, Mr. Hassan Idris.
The meeting aimed to deepen financial collaboration and accelerate the delivery of priority infrastructure across Nigeria.
“We appreciate ICIEC’s continued support for initiatives that directly improve productivity and livelihoods,” Minister Edun stated. He further explained that “by backing commercially viable, socially impactful infrastructure, ICIEC is helping Nigeria build a more inclusive economy, one where the private sector is empowered to create jobs and drive innovation.”
Earlier in the meeting, Mr. Hassan Idris, Director of Legal Affairs for ICIEC, communicated ICIEC’s commitment to supporting Nigeria’s economic agenda. This support will involve de-risking major infrastructure investments and unlocking financing for private sector-led development.
Mr. Idris detailed ICIEC’s readiness to provide credit and political risk guarantees. These guarantees, he stated, can help catalyze both domestic and international capital flows into projects that drive growth and job creation within Nigeria.
The visit signals a renewed commitment to aligning financial instruments with President Bola Ahmed Tinubu’s infrastructure priorities and suggests stronger cooperation in mobilizing resources that deliver real, measurable benefits to the Nigerian populace.
