PIDG sees Nigeria as priority, cites N300bn domestic investment via InfraCredit
PIDG director Saeed Ibrahim says Nigeria remains a priority market for the organisation despite the country’s economic and foreign exchange challenges, noting that over N300 billion in domestic investment has been mobilised across 24 transactions through the InfraCredit partnership with the Nigerian Sovereign Investment Authority. He highlighted agro‑processing as a key future investment area, citing a N30 billion guarantee to Robust International for a sesame processing facility that aims to shift exports from raw seeds to higher‑value products.
This matters because it demonstrates long‑term investor confidence in Nigeria, shows how domestic‑currency financing can cushion foreign‑exchange volatility, and points to a pathway for industrialisation, job creation and stronger foreign‑exchange earnings. With an estimated $3 trillion infrastructure financing gap over the next 30 years, scaling such models could significantly narrow that gap and boost local manufacturing.
Ibrahim urges foreign investors to work with strong local institutions and locally embedded teams to build sustainable partnerships, and encourages Nigeria to attract more stable, long‑term investment rather than short‑term portfolio flows. For Nigerians, the takeaway is to explore opportunities in agro‑processing, consider leveraging domestic financing platforms like InfraCredit, and advocate for policies that deepen local capacity. Will you explore agri‑processing ventures or advocate for stronger local‑foreign partnerships to boost Nigeria's industrial base?