Abuja, Nigeria – May 2023: Two of the projects under the Presidential Infrastructure Development Fund (“PIDF”) were commissioned today by His Excellency, President Muhammadu Buhari. These are the Second Niger Bridge (South East) and the Abuja-Kano Road (North West).

Prior to the creation of PIDF in 2018, several high priority infrastructure projects had been on the government’s agenda for decades. PIDF was created to de-risk the projects and provide a funding mechanism to ensure timely completion. At inception of the PIDF, NSIA
was invited by Mr. President to serve as fund and project manager.

In these roles, the NSIA worked with the Presidency, Federal Ministry of Finance, Budget and National Planning, the Federal Ministry of Works and Housing and other relevant government entities to eliminate risks attributable to funding, cost variation and timely project completion. Over the lifespan of the projects, the Authority ensured efficiency, transparency, and accountability at each phase.

With the commissioning of both projects today, the Authority expects that the economic impact hereafter will serve to diversify revenues to adjoining States, improve the fiscal sustainability profile of the Federation, contribute to growth in GDP and ensure Nigeria benefits from utilizing modernized infrastructure for decades to come.

Speaking at commissioning Mr. Aminu Umar-Sadiq, MD & CEO, NSIA, said “The PIDF projects are pivotal for socio-economic advancement and will significantly enhance access to market for people and communities. As fund and project managers to PIDF, it is our great privilege to have been entrusted with the responsibility of managing the resources necessary to deliver these critical high impact projects like the Second Niger Bridge and Abuja Kano Road among others. We look forward to further collaborations with Government to deliver more projects.”

The Federal Government of Nigeria speaking through the Honourable Federal Minister of Works and Housing, Mr. Babatunde Raji Fashola, SAN acknowledged the pivotal role the NSIA played in driving project completion and administering the deployment of capital to the PIDF projects. He also complimented all the other entities that contributed to the completion of the projects.