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ICIEC ready to provide credit and political risk guarantees for major infrastructure investments in Nigeria

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Idriss led a high-level delegation to visit the Minister of Finance Wale Edun in his office in Abuja
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TUE MAY 27 2025-theGBJournal| The Director of Legal Affairs, Mr Hassan Idris, on Monday reaffirmed the Islamic Corporation for the Insurance of Investment and Export Credit’s (ICIEC) 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.

Idriss expressed the firm’s commitment when he led a high-level delegation to visit the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun in his office in Abuja.

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.

The visit is also part of efforts to deepen financial collaboration and accelerate delivery of priority infrastructure across Nigeria.

Earlier, Wale Edun 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 said.

He added 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.

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