Nigeria Attracts $133m Private Infrastructure Participation In 2023 – World Bank

Nigeria in 2023 attracted $133 million in private infrastructure investment out of the $86 billion investments made in low- and middle-income countries, the World Bank Private Participation in Infrastructure (PPI) 2023 Annual Report, has shown.

The report revealed that $3.5 billion investments had gone into 66 projects across Sub-Saharan (SSA) with South Africa attracting the most investments in the region. Nigeria, with $133 million had gotten only about 3.8 per cent of the $3.5 billion commitments made to SSA countries, falling behind eight other SSA countries in attracting private infrastructure investment commitments in 2023.

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