FG hails ICIEC support for Nigeria’s infrastructure drive

Barbara Bako, Abuja.

As part of efforts to deepen financial collaboration and accelerate delivery of priority infrastructure across the country, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, appreciates the backing of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

The minister stated his appreciation while receiving the ICIEC delegation led by its Director of Legal Affairs Mr. Hassan Idris on Monday in Abuja.

At the meeting, the Minister emphasised the importance of leveraging risk mitigation tools to crowd in private investment, particularly in sectors such as energy, transportation, and housing.

“We appreciate ICIEC’s continued support for initiatives that directly improve productivity and livelihoods,” Edun stated.

He stated further that, “By backing commercially viable, socially impactful infrastructure, ICIEC is helping Nigeria build a more inclusive economy, one where the private sector is empowered to create jobs and drive innovation”

Speaking earlier, the Director of Legal Affairs, Mr Hassan Idris, reaffirmed ICIEC’s commitment to supporting Nigeria’s economic agenda by de-risking major infrastructure investments and unlocking financing for private sector-led development.

Mr. Idriss highlighted ICIEC’s readiness to provide credit and political risk guarantees that can catalyse both domestic and international capital flows into projects that drive growth and job creation.

The visit marks a renewed commitment to aligning financial instruments with President Bola Ahmed Tinubu’s infrastructure priorities and signals stronger cooperation in mobilising resources that deliver real, measurable benefits to the Nigerian people.