The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has reaffirmed its support for Nigeria’s infrastructure ambitions and pledged to deepen private sector engagement in key development projects.
This assurance came during a visit by a high-level ICIEC delegation to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in Abuja. The delegation was led by ICIEC’s Director of Legal Affairs, Mr. Hassan Idris.
During the meeting, Mr. Edun highlighted the need to leverage risk mitigation instruments to attract private investment into sectors like energy, housing, and transport.
“We appreciate ICIEC’s continued support for initiatives that improve productivity and livelihoods,” the Minister said. “By backing commercially viable, socially impactful infrastructure, ICIEC is helping Nigeria build a more inclusive, innovation-driven economy.”
In his remarks, Mr. Idris reiterated ICIEC’s commitment to de-risking critical infrastructure and providing credit and political risk guarantees to spur both local and international investments.
The visit signals stronger collaboration between Nigeria and ICIEC in aligning financial tools with the Tinubu administration’s infrastructure priorities—focusing on projects that create jobs, attract capital, and deliver measurable benefits to Nigerians
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