Portfolio

Project Arena

Project Details

Sector

Real Estate

Participants

NSIA
MSIL

Commencement Date

Q4 2023

States
Lagos

The Project involves the development of a 10,000-seater Arena, offering a dedicated space for sporting events, concerts, conferences, exhibitions, and other events.

The project will be developed on land plots totalling approximately 25,266.46 SQM.

Job creation.
Spurring economic growth.
Enhancing the large tourism potential of Lagos state.
Promotion of creative arts sector.

PARTNERS

How the fund is invested

N42 billion

Project Cost / Size:

$10million (N8.2billion)

NSIA’s interest:

43% Debt
57% Equity

Funding structure

15

Investment areas

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