Nigeria’s level of Foreign Investment is about to encounter major boost as Quantum Global, a multinational investment partner, has disclosed that it has earmarked an amount in the region of $260 million for investment in Nigeria’s Agriculture, Power, Hospitality and other sectors.
This investment gospel was revealed by Quantum Global’s Head of Corporate Development, Mr. Franck Alain Behiblo while speaking during an interview session at the World Pension Summit Africa in Abuja. He said that Quantum Global is consumed by the urge to invest in Nigeria.
While speaking further, he said, “We have about $260 million funds for agriculture. We are looking at the mining sector, healthcare, hospital sector and structured equity whereby we will provide equity for some of the of the young companies in Africa, we are looking at hotel.
In his introduction of the organisation, he said, “Quantum is a fund manager in private equity. We have funds in certain sectors of the economy. We are looking at infrastructure, transportation, roads, mining, healthcare and agriculture”.
He disclosed further that the organisation will invest the funds in batches but it currently has $50 million on ground for investment in power and hospitality by saying “The total amount is not one I would be able to give, but we are investing more than $50 million. We look at the power sector in Nigeria. We are keen about investing in those sectors”.