President Bola Tinubu has reaffirmed Nigeria’s openness to large-scale private capital, saying the country is actively seeking bankable partnerships to tackle its estimated $14 billion annual urban infrastructure deficit.
He made the remarks after a high-level meeting with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), alongside other senior officials.
The engagement took place on the sidelines of the 2026 Africa CEO Forum in Kigali.
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Tinubu said Nigeria’s ongoing economic reforms are deliberately structured to rebuild investor confidence and draw in credible global institutions such as the IFC.
He welcomed the IFC’s growing interest in supporting Nigeria’s Public-Private Partnership (PPP) pipeline, which is aimed at addressing long-standing infrastructure gaps across major cities.
According to him, the administration’s Renewed Hope Agenda is shifting focus from policy promises to measurable delivery.
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“Nigeria is ready for serious capital, credible partners, and bankable projects,” he said.
“Under our Renewed Hope Agenda, we must turn ambition into delivery, and delivery into better lives for our people.”
Key sectors
Tinubu outlined a wide-ranging cooperation framework being developed with international financiers, targeting critical sectors that directly affect productivity and living standards.
Key areas of focus include urban renewal and water systems to improve municipal services and close infrastructure gaps and transport and energy expansion to modernise mobility networks and strengthen power access.
Others are support for MSMEs to improve access to credit and stimulate job creation and local currency financing solutions aimed at reducing foreign exchange risks for investors
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The President expressed optimism about stronger collaboration with the World Bank Group and related institutions
He stressed that infrastructure stability remains central to Nigeria’s economic growth and long-term prosperity.
He added that Nigeria is positioning itself as a leading destination for institutional investment and cross-border private capital in Africa.
The engagement marked a key part of his diplomatic activities at the 2026 Africa CEO Forum, where Nigeria continues to promote itself as open for business under its ongoing reform agenda.
