AVA Global Asset Launches 20bn Fund for Infrastructure Development

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Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part of its N200 billion Infrastructure Fund (IF) program.

This initiative aims to address Nigeria’s infrastructure gap and support the government’s efforts in improving infrastructure across the country. The fund comes in response to calls for private sector involvement in bridging the infrastructure deficit in Nigeria.

According to PwC’s Nigeria Economic Outlook 2024, there is uncertainty regarding significant financial commitments from the government for infrastructure enhancement. Mr. Efe Shaire, Co-CEO of Capital Group, emphasized the importance of private sector participation in infrastructure funding through partnerships, new products, and other iShareives.

The Ava fund seeks to provide institutional capital for infrastructure development, aiming to contribute to addressing Nigeria’s infrastructural deficits.

Source: Daily Trust

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