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Tender Details
- Country: Nigeria
- Summary: Operational Plan for a National Infrastructure Finance and Guarantee Facility in Nigeria
- NGT Ref No: 107665725
- Deadline: 08 Oct 2024
- Competition: ICB
- Financier: World Bank (WB)
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002011527
- Purchaser's Detail :
- Description :
- Nigeria-s revised National Integrated InfrastructureMaster Plan (NIIMP) of 2020 projects an estimated infrastructure investment ofUS$2.3 trillion over the 23-year period, and about US$150 billion annuallybetween 2021 and 2025. The energy and transportation sectors are estimated torequire the largest investments of more than 50% over the planned period. Areview of the capital expenditure allocation by the Federal Government intoinfrastructure investment make clear that public funds alone cannot bridge thisgap. Additionally, Nigeria is classified as one of the ten most vulnerablecountries in the world with climate change predicted to negatively impactinfrastructure development. Tracked climate financing is markedly lowand not commensurate with the size of the country-s economy, development needsand, crucially, vulnerability to climate shocks. Mobilizing institutionalinvestors to provide patient local currency climate finance, is an importantstep to diversifying private sector financing sources to enhance capitalavailability as well as deepening of the domestic capital market. In May 2024, the Federal Executive Council (FEC) approveda specialized framework that would operationalize an innovative infrastructureinvestment vehicle to attract and consolidate institutional investor capital inthe country. To be anchored by the Nigeria Sovereign Investment Authority(NSIA), the proposed vehicle will be used to provide sustainable long-termfinancing with robust oversight, reducing risks associated with large-scalegovernment projects in strategic national infrastructure sectors and serve as adriver for economic advancement. The World Bank, in partnership with the NSIA,is therefore seeking to engage an experienced consultancy team (the“Consultant”) to undertake an in-depth analysis of the infrastructure financemarket in Nigeria, its challenges, and opportunities leading to theestablishment and operationalization of a “National Infrastructure Finance andGuarantee Facility”, includ...
- Documents :
Purchaser : WORLD BANK(WB)
NG - Nigeria
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