FG, IFC Partner To Boost Infrastructure Development In Aviation Sector
By Stella Enenche, Abuja
The Federal Government has disclosed its partnership with the International Financial Corporation (IFC)to enhance the standard of infrastructure in the country especially within the aviation space.
The Minister of Aviation and Aerospace Development, Festus Keyamo made this known while receiving IFC team in his office in Abuja, according to a statement made available by Head Press and Public Affairs,Odutayo Oluseyi on Thursday.
Keyamo promised that the Nigeria will give all it takes to ensure that the partnership yield results as the Infrastructure Concession Regulatory Commission (ICRC) has been streamlined for better efficiency.
He informed the IFC that investors are coming into Nigeria to invest into Aviation industry due to the huge market in Nigeria and decried the level of infrastructural presence in the sector which calls for Public Private Partnership (PPP).
“We are excited to work with you. All over Africa, infrastructural development is a challenge, Nigeria as a giant of Africa has the highest domestic travelling record which makes Nigeria a business hub”.
The Minister assured that there would be no delay in signing all necessary agreements and that Nigeria has taken step to remove all bottleneck.
The Vice President Cross Cutting Solution- International Finance Corporation, an arm of World Bank,Emmanuel Nyirinkindi, said the essence of the visit was to go into partnership with Nigeria to promote infrastructural development.
He said IFC has presence in 100 countries around the globe and has invested alot for the development of African nations.
“IFC is the largest global development institution which focuses on the private sector in developing countries, encourages growth, advances economic development, creates jobs and improves the lives of people”
He said IFC is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in less developed countries.
The Vice President added that the corporation is committed in ensuring that Nigeria enjoys infrastructure development and appealed to the Minister to expedite action.
He said with the track records of IFC, Nigeria need to be rest assured of timely delivery. He said IFC looks forward to signing the agreement with Nigeria.
