Nigerians will pay to use infrastructure financed from the investment of the Sovereign Wealth Fund. This disclosure was made by the Chief Executive Officer of the Nigerian Sovereign Investment Authority, Mr. Uche Orji, recently in Abuja.
Orji insisted that “these are commercial infrastructure so we will charge for their use.” One of the reasons for charging Nigerians for the use of these infrastructure he said is because “we are investing with co investors, some of them are other Sovereign Wealth funds, some are private equity investors; it’s not a charity. If you look at infrastructure funds around the world most of them earn on the average six to seven per cent. We will invest in areas where there are commercial returns.”
