ARM to launch Nigeria's first infrastructure fund with $250M

Nigeria‘s ARM Infrastructure is close to raising $250 million in the country’s first infrastructure fund, to invest in transport, energy and utility sectors across West Africa, with much of the money coming from pension funds, its managing director said.

ARM said the fund was expected to close by mid-August and was at the documentation stage with various investors including some Nigerian pension funds and other institutional investors such as the African Development Bank, Opuiyo Oforiokuma said.

Read more: ARM to launch Nigeria's first infrastructure fund with $250 mln | Reuters.

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