Nigeria’s Gas Infrastructure Fund Boosts Global Cooperation To Close $20bn Infrastructure Gap

The Midstream and Downstream Gas Infrastructure Fund (MDGIF), is broadening global cooperation to attract more funds that will enable it execute critical projects that will unlock new investments in the gas industry.
The collaboration is part of the Fund’s strategy to bridge a reported $20 billion annual deficit in Nigeria’s gas infrastructure.
Fund is collaborating with international partners, including through a $500 million agreement signed with Afreximbank, to achieve its objectives.
The Executive Director of the MDGIF, Oluwole Adama, says that the sector is highly capital-intensive and largely unattractive to commercial lenders.
He however disclosed that the Fund is supportin...