USAID rallies private sector to invest in Nigerian infrastructure
The United States Agency for International Development (USAID) has convened industry leaders, investors, and entrepreneurs for a one-day conference to reinforce the importance of infrastructure investment in Nigeria and showcase opportunities in strategic sectors.
The conference themed, ‘Investing in Development’, highlighted the role of the private sector investments in infrastructure and how the participation of private investors could help in achieving Nigeria’s objectives across key sectors.
Through the two-year USAID-funded activity – Mobilising Institutional Investment for Infrastructure Development in Nigeria, also known as INVEST, USAID will build the capacity of the institutional investor community in Nigeria.
Implemented in Nigeria by investment bank Chapel Hill Denham, INVEST will galvanize private sector investments in infrastructure to support the country’s resilience to shocks and drive economic growth and development.
“The INVEST activity and the partnership between USAID and Chapel Hill Denham will attract investments that will create jobs, improve infrastructure, and drive progress in key sectors of the Nigerian economy,” said Acting USAID/Nigeria Mission Director, Sara Werth, at the conference.
Werth added: “Our discussions today will impact how we can work together to enable low-carbon and resilient infrastructure in Africa.”
Participants engaged with industry leaders and gained insights into emerging trends and opportunities in these sectors. They also learned from presentations on infrastructure investment opportunities in the agro-industry, digital technology, financial services, and energy and renewables sectors.