The Federal Government has unveiled a $78.5 billion investment pipeline comprising 65 bankable projects at the ongoing International Monetary Fund, IMF, and World Bank Annual Meetings in Bangkok, Thailand.

The portfolio was presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, at the Nigeria Investors Forum held on the sidelines of the meetings.

According to details published on the Federal Ministry of Finance’s Projects Nigeria investment portal, the projects span oil and gas, power, transport and maritime, industry, manufacturing and mining, agriculture and agro-processing, technology, healthcare and urban development.

The government estimates the investments could create about 366,763 jobs across the country.

To facilitate investment, Oyedele said the government has established a dedicated Nigeria Deal Room to provide investors with project details, funding requirements and direct access to relevant government authorities.

Breakdown of the pipeline shows:

– Oil, gas and power: 25 projects requiring $36.4 billion

– Transport and maritime: 8 projects requiring $25 billion

– Industry, manufacturing and mining: 17 projects requiring $6.6 billion

– Agriculture and agro-processing: 6 projects requiring $9.8 billion

– Technology, health and urban services: 9 projects requiring $700 million

Energy and transport alone account for $61.4 billion, about 78% of the total requirement.

Key projects include Project Reliaxx, a $1.7 billion crude oil evacuation and midstream infrastructure platform, the $2.69 billion Multipurpose Industrial Platforms Limited ammonia and phosphate fertilizer plant, the $1.29 billion Lagos Greenline Railway, and the $1.25 billion Premium Steel and Mines integrated steel upgrade.

President Bola Tinubu, in a post on Friday, welcomed the initiative and the World Bank’s plan to mobilise up to $5.79 billion in private financing for Nigeria, assuring investors of 100% foreign ownership, capital repatriation guarantees and removal of bottlenecks.

Credit: TVC News / Punch / Leadership / Ministry of Finance.