Nigeria's Gas Infrastructure Fund Attracts N1.6tn in Private Investment
Nigeria's gas infrastructure fund says it turned N671bn in public money into N1.6tn of private investment across 31 projects.
What happened
Nigeria's Midstream and Downstream Gas Infrastructure Fund (MDGIF) says it leveraged N671 billion in public funds to attract about N1.6 trillion in private investment for gas infrastructure projects.12
The investment covers 31 projects across the country, according to Punch.2
Separately, Nigeria's National Pension Commission said the pension industry is set to commit N241 billion to an infrastructure development fund through a special purpose vehicle.3
The private investment was directed into 31 gas infrastructure projects across Nigeria.2
Key points
What the coverage leaves out
- None of the outlets reviewed detailed which specific projects received the N1.6 trillion in private investment.
- None of the outlets reviewed explained the mechanism by which the N671 billion in public funds was used to leverage private investment.
- None of the outlets reviewed indicated a timeframe over which the investment was attracted.
Why it matters
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Africa
- 1NairametricsNGPrivate
MDGIF leverages N671 billion public funds to attract N1.6 trillion private gas investment
- 2PunchNGPrivate
- 3BusinessDayNGPrivate
Pension industry commits N241bn to infrastructure development fund