President Buhari Approves Establishment of Infrastructure Development Company

President Muhammadu Buhari has approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion.

The president revealed this on Saturday in a broadcast to mark this year’s Democracy Day.

He expressed optimism that the company, when fully functional, would address the nation’s infrastructural deficits and subsequently transform the economy.