President Bola Ahmed Tinubu’s desire for infrastructure development within aviation sector is yielding huge result, as Nigeria has shown commitment to collaborate with International Financial Corporation (IFC). Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, CON, FCIArb. UK while receiving IFC team in his office in Abuja, today thanked IFC for accepting to enhance the standard of infrastructure in Nigeria mostly within the aviation space.
Keyamo described IFC as a reliable partner going by their past records and stated that Nigeria will give all it takes to ensure that the partnership yield results as the Infrastructure Concession Regulatory Commission (ICRC) has been streamlined for better efficiency. He informed the IFC that investors are coming into Nigeria to invest into Aviation industry due to the huge market in Nigeria and decried the level of infrastructural presence in the sector which calls for Public Private Partnership (PPP).
“We are excited to work with you. All over Africa, infrastructural development is a challenge, Nigeria as a giant of Africa has the highest domestic travelling record which makes Nigeria a business hub”. The Minister assured IFC that there would be no delay in signing all necessary agreements and that Nigeria has taken step to remove all bottleneck.
Emmanuel Nyirinkindi, the Vice President Cross Cutting Solution- International Finance Corporation, an arm of World Bank, said the essence of the visit was to go into partnership with Nigeria to promote infrastructural development. He said IFC has presence in 100 countries around the globe and has invested a lot for the development of African nations. “IFC is the largest global development institution which focuses on the private sector in developing countries, encourages growth, advances economic development, creates jobs and improves the lives of people”.
He thanked the Minister of Aviation for his achievement in Aviation sector within the short period and said IFC is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in less developed countries, is committed in ensuring that Nigeria enjoys infrastructure development and appealed to the Minister to expedite action. He said with the track records of IFC, Nigeria need to be rest assured of timely delivery. He said IFC looks forward to signing the agreement with Nigeria.
Odutayo Oluseyi
Head Press and Public Affairs
