The United Capital Infrastructure Fund stresses that long-term, naira-denominated funding is crucial for addressing Nigeria's significant infrastructure financing needs.
The United Capital Infrastructure Fund (UCIF) has highlighted the necessity of long-term, naira-based capital to tackle the severe infrastructure deficits in Nigeria, which are estimated to require approximately $100 billion annually. Leading credit rating firms and analyses from government bodies indicate that essential sectors such as transportation, power, water, and roads are severely underfunded, exacerbating the country’s infrastructure challenges.
Peter Ashade, the Group CEO of United Capital Plc, stated that UCIF aims to mobilize substantial investments to address these needs. By focusing on attracting naira-denominated investments, the initiative seeks to create sustainable growth and value for both investors and the economy at large. This commitment responds to the rising demand for innovative funding solutions that can effectively enhance Nigeria’s infrastructure landscape.
As the UCIF continues to push for increased capital mobilization, it underscores the critical role of local currency funding in bridging the financing gap in Nigeria. By aligning capital availability with infrastructure needs, there is potential for significant economic development, potentially transforming sectors vital to the country's growth and improving the overall living standards for Nigerians.
