World Bank: Nigeria, Others Receive $4.9 Billion PPI Investment

Sub Levels

Received orders for 37 projects in Sub-Saharan Africa
Total investment of $4.9 billion

According to the World Bank, private participation (PPI) investment in infrastructure in Nigeria and other sub-Saharan African countries will fall 15% to $4.9 billion in 2022 compared to the average over the past five years. became.

However, the bank, which disclosed this in its PPI 2022 annual report released yesterday, said the number of regional projects and countries with PPI deals was the highest in a decade.

PPI commitments reached $91.7 billion for 263 projects, up 23% from 2021, but the total number of projects was still below pre-pandemic levels, according to the report.

In addition, 50% of funding for PPI projects comes from private sources, 35% from public sources and 15% from Development and Export Finance Institutions (DEFI), which accounts for 26% of total PPI. I’m here. Projects are up from both 2020 and 2021.

Specifically, the report states: This represents a 10% decrease in investment levels from the previous year and a 15% decrease from the average investment level over the last five years.

“However, the number of projects and countries conducting PPI transactions in the region was the highest in the last decade. This could be attributed to the surge in SSA investment levels during the pandemic, when one investment region bore the brunt of the crisis.

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