FG To Collaborate With IFC For Aviation Infrastructure Devt

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President Bola Tinubu’s push for infrastructure development in Nigeria’s aviation sector is gaining momentum as the country commits to collaborating with the International Financial Corporation (IFC).

During a meeting with the IFC team in Abuja, Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, expressed gratitude for IFC’s commitment to enhancing Nigeria’s aviation infrastructure.

Keyamo praised the IFC as a reliable partner based on their past achievements, promising that Nigeria will do all it can to ensure that the partnership produces tangible results.

The minister also noted that Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) has been restructured to improve efficiency, which will help streamline the public-private partnership (PPP) process. He highlighted the growing interest of investors in Nigeria’s aviation sector, citing the country’s large market and record-high domestic travel as key drivers.

“We are excited to work with you. Infrastructural development is a challenge across Africa, but Nigeria, as the giant of Africa, has the highest domestic travel rates, making it a significant business hub,” said Keyamo. He assured the IFC of swift action in finalising agreements and removing any obstacles to progress.

Vice-president of cross-cutting solutions at IFC, Emmanuel Nyirinkindi explained that the purpose of the visit was to formalize a partnership with Nigeria to boost infrastructure. He emphasised IFC’s global presence in over 100 countries and its commitment to driving growth and economic development, particularly in African nations.

Nyirinkindi praised the minister’s efforts in advancing the aviation sector and reassured Nigeria of the IFC’s dedication to ensuring the timely delivery of projects, expressing eagerness to sign the agreement soon.