The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that Standard Chartered Bank has indicated interest to fund key infrastructure projects in the country including the Lagos to Calabar superhighway project, Port-Harcourt to Maiduguri rail line as well as $3 billion financing for NLNG.
He stated at the end of a meeting with the global Chief Executive Officer, (CEO) of the bank with President Bola Tinubu at the state house, Abuja.
Mr. Wale Edun praised Standard Chartered Bank as a valued partner to Nigeria, highlighting its contributions in financing infrastructure projects, offering guidance on credit ratings, and managing Nigeria’s Eurobond prudently.
He also noted that Moody’s positive outlook rating followed the recent announcement of the World Bank’s $2.25 billion financing package for Nigeria, reflecting the positive trajectory of the current administration’s economic reforms.
He said, “They are also one of our lead managers for Eurobond issuance, and they advise us on our ratings.”
“I am pleased to note that Moody’s has just completed our rating review and maintained Nigeria’s rating as a positive outlook, which is very encouraging,”
