InfraCorp: CBN extends deadline for asset managers

The Central Bank of Nigeria (CBN) and its partners have extended the deadline for expressions of interest for appointment as independent infrastructure asset manager for the Infrastructure Corporation of Nigeria Limited (InfraCorp).

The promoters of the InfraCorp extended the deadline by two weeks from 12-noon Nigerian time on March 16, 2021, to 12-noon Nigerian time on March 30, 2021.

This disclosure is contained in a communique titled ‘Extension of the deadline with respect to call for expressions of interest for appointment as independent infrastructure asset manager for the Infrastructure Corporation of Nigeria Limited’, that was issued and signed on behalf of the promoters by Dr Kingsley Obiora.

The communique from the promoters reads, “Reference is made to the request by the promoters (the Central Bank of Nigeria, the Africa Finance Corporation, and the Nigeria Sovereign Investment Authority), for expressions of interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure Corporation of Nigeria Limited.

“This communique is to convey an extension to the deadline for receipt of final proposals in response to the detailed Request for Proposals from 12noon Nigerian time on 16 March 2021 by two weeks to 12noon Nigerian time on 30 March 2021.

The process remains the same such that upon expression of interest through [email protected], the promoters shall share a detailed RfP document providing potential asset managers with the necessary information to prepare appropriate proposals in line with the promoters’ requirements.”

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