New Investment Deal to Boost Economic Opportunities in Nigeria and Africa
A new partnership between the Public Investment Corporation (PIC) and British International Investment (BII) is set to unlock fresh opportunities for sustainable development and job creation in Nigeria and across Africa. The two firms recently signed a Memorandum of Understanding (MoU) to collaborate on impactful investments that target key economic sectors.
This partnership is a big win for individuals, businesses, and communities seeking access to funding, improved infrastructure, and job creation. It is especially promising for sectors such as agriculture, financial services, manufacturing, mining, and climate initiatives — all of which are crucial for Nigeria’s growth.
What This Means for Nigerians
The collaboration will focus on sharing investment opportunities (deal pipelines) and exploring co-investment options. For Nigerian entrepreneurs, farmers, small business owners, and even job seekers, this could mean access to:
More funding opportunities for small and medium enterprises (SMEs), especially in agriculture and manufacturing.
Improved infrastructure such as roads, energy, and storage facilities helps reduce business costs.
Increased job creation, as investment in key sectors leads to business expansion and industrial growth.
Support climate-smart solutions, benefiting both the environment and businesses in the renewable energy space.
“By leveraging our combined expertise and resources, we can unlock new opportunities for transformative investments that support sustainable development, drive economic growth, and attract increased commercial capital into key sectors across Africa,” said Leslie Maasdorp, CEO of British International Investment.
A Step Towards Inclusive Growth
According to Abel Sithole, the outgoing CEO of PIC, the deal supports their mission to drive development across Africa using blended funding models that can unlock complex projects in infrastructure, trade, and industrialization.
This means more public-private partnerships, enabling more Nigerians to benefit directly and indirectly from these investments — from farmers accessing irrigation systems to youth getting skilled jobs in growing industries.
The PIC-BII partnership is not just a high-level financial agreement; it is a practical step toward improving lives and livelihoods in Nigeria and beyond. As these investments unfold, Nigerians should stay alert to new programmes, funding calls, and infrastructure developments in their communities.
