ICIEC to de-risk major infrastructure investments in Nigeria
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has pledged support to Nigeria’s economic agenda.
In addition, it affirmed commitment to de-risk major infrastructure investments by unlocking financing for private sector-led development.
ICIEC’ Director of Legal Affairs Mr. Hassan Idris gave the pledge on Monday in Abuja when led a delegation to the Minister of finance and coordinating Minister for the economy Mr Wale Edun. The visit was part of efforts to deepen financial collaboration and accelerate delivery of priority infrastructure across the country.
Mr. Idriss highlighted ICIEC’s readiness to provide credit and political risk guarantees that can catalyse both domestic and international capital flows into projects that drive growth and job creation.
The visit marks a renewed commitment to aligning financial instruments with President Bola Ahmed Tinubu’s infrastructure priorities and signals stronger cooperation in mobilising resources that deliver real, measurable benefits to the Nigerian people.
At the meeting Edun emphasised the importance of leveraging risk mitigation tools to crowd in private investment, particularly in sectors such as energy, transportation, and housing.
“We appreciate ICIEC’s continued support for initiatives that directly improve productivity and livelihoods”, Edun said, adding 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”, press statement issued by Director of information in the ministry Mohammed Manga said.
