Business NewsFinanceNews

CBN Set to Launch N15trn Infrastructure Fund In October

CBN set to Launch N15trn Infrastructure Fund In October

The Central Bank of Nigeria (CBN) is set to launch N15trn infrastructure fund in October.

This was made known by the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the 14th annual conference of the Chartered Institute Bankers of Nigeria (CIBN).

According to the Governor, the InfraCorp Plc fund is meant to boost funding for capital projects and address the problems of poor infrastructure in the country. Information Guide Nigeria

As reported by the NIGERIAN TRIBUNE, Godwin Emefiele said in order to ensure that the economic crisis caused by COVID-19 does not lead to a financial crisis, the CBN will ensure that banks have strategies to cover depositors unexpected losses.

The CBN Governor said, banks have been authorised to restructure loan grants to individuals and businesses that have been affected by the Virus.

Read Other Top News:

Emefiele said they were made to establish the Nigerian International Financial Centre (NIFC) to consolidate the growth and resilience of Nigerian banks and it will act as an international gateway for capital and investments, caused by technology and payment system infrastructure. Jamb Result

He further stated, “This new financial hub will curate local and international banks to make them global champions. The NIFC will be a 24/7 Financial centre that will complement London, New York and Singapore financial centres and enable an acceleration of our homegrown initiatives such as Infracorp plc, the N15 trillion infrastructure fund which we will be launching in October 2021.”

Check and Confirm: How much is Dollar to Naira

🤑 Start making money from home today!

👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start



👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [] to file a complaint and we will take necessary actions immediately.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button