IFC, CBN Forge Partnership To Empower Nigeria’s Private Sector With Over $1 Billion

As a member of the World Bank Group, IFC revealed in a statement on Monday that the partnership seeks to provide over $1 billion in financing in the upcoming years. The collaboration will help manage currency risks and increase investments in the naira across key sectors of the economy, including agriculture, housing, infrastructure, energy, small and medium enterprises (SMEs), as well as the creative and youth economy.