UK, Nigeria seal $750m infrastructure deal as Pension funds prepare to unlock billions

By Victor Ahiuma-Young
Nigeria and the United Kingdom have strengthened their economic partnership with a proposed $750 million infrastructure investment fund aimed at mobilising billions of dollars in pension assets to finance critical development projects across Nigeria and other selected African markets.

The initiative, which has already attracted interest from 19 Nigerian pension funds, is expected to channel long-term domestic and international investments into key sectors, including energy, transportation and digital infrastructure, as both countries seek to address the continent’s widening infrastructure financing gap.
A statement from PenCom disclosed that the agreement wa...