Nigeria and IFC Sign Agreement to Boost Infrastructure Development Through Public-Private Partnerships

Abuja, Nigeria, 3 February 2026-The Federal Ministry of Budget and Economic Planning signed a cooperation agreement with IFC, a member of the World Bank Group, to initiate a pipeline of Public-Private Partnership (PPP) projects that will mobilise substantial capital and private sector expertise for infrastructure developments across Nigeria.

IFC's Transaction Advisory Services will partner with the Ministry to develop and introduce a pipeline of public-private partnership (PPP) projects across key infrastructure sectors, including transport, energy, information technology, and sanitation. This will help mobilise crucial private financing to meet Nigeria's estimated $14.2 billion in annual urban infrastructure requirements over the next decade.

Nigeria is preparing for a new era of private sector engagement outlined in our National Integrated Infrastructure Master Plan, which advocates for increasing the adoption of PPP models for infrastructure delivery.

"IFC has been a vital partner of Nigeria for many decades, and this cooperation agreement demonstrates our dedication to supporting broad, inclusive growth in Nigeria by modernising state assets and developing a programme of PPPs that can provide the infrastructure the country requires," said Ethiopis Tafara, IFC's Vice President for Africa.

Nigeria's Minister of Budget and Economic Planning, Senator Abubakar Bagudu, described the agreement as a strategic move towards ensuring Nigeria's extensive infrastructure needs are addressed with well-prepared, investment-ready projects capable of attracting private capital.

"This agreement is about ensuring that we prepare projects properly so investors have confidence and clarity on where to deploy capital," he said.

The agreement aligns with the shared aims of the government of Nigeria and IFC to enhance the business environment for private-sector investment and to promote the realisation of transformational projects through Nigeria's national PPP framework.

Over the past five years, IFC has assisted Nigeria's private sector in key areas such as infrastructure, energy, agribusiness, financial services, healthcare, and the digital economy, mobilising private capital to boost productivity, create jobs, and promote inclusive growth.