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Portfolio

Project Arena

Project status: Ongoing progress

Project Details

Sector
Services
Commencement Date
Q4 2023
Participants
NSIA
MSIL
State
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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