AVA CAPITAL INFRASTRUCTURE FUND LISTING ON NGX
1. Event Overview:
- Fund Listing: AVA Capital Group has listed a significant infrastructure fund valued at N200 billion on the Nigerian Exchange (NGX). This listing marks a notable step in addressing Nigeria's infrastructure deficit.
- Announcement: The announcement was made during a closing gong ceremony at the NGX in Lagos, where Efe Shaire, Managing Director of AVA Global Asset Managers Limited, highlighted the importance of this development.
2. Significance of the Fund:
- Objective: The AVA Infrastructure Fund aims to bridge Nigeria's infrastructure gap, which is currently estimated at around $100 billion. The fund is seen as a key player in transforming critical sectors, thereby unlocking economic potential and improving the quality of life for Nigerians.
- Impact: Shaire emphasized that the N200 billion fund would significantly enhance Nigeria’s infrastructure landscape once fully raised and deployed.
3. Support from NGX Executives:
- CEO’s Endorsement: Jude Chiemeka, the CEO of the Nigeria Exchange Group, praised the initiative. He highlighted that the fund consists of 4,075 units priced at 1 million naira per unit, indicating a substantial investment effort aimed at boosting the country's infrastructure.
- Investment Protection: Femi Shobanjo, CEO of NGX Regulation Limited, stressed the importance of investments in the environmental, social, and governance (ESG) sectors, highlighting the fund's potential for economic growth and enhanced connectivity across Nigeria.
4. Catalyzing Economic Growth:
- Vision and Potential: Senior Doyen of the Exchange, Sam Ndata, spoke about the fund's role in catalyzing economic growth and improving connectivity throughout the country. He underscored the fund's listing as a critical milestone in Nigeria's journey toward infrastructure development.
- Closing Ceremony: The closing gong ceremony was portrayed as a symbolic event, representing a beacon of hope and the power to shape Nigeria’s future infrastructure landscape.
1. Event Overview:
- Fund Listing: AVA Capital Group has listed a significant infrastructure fund valued at N200 billion on the Nigerian Exchange (NGX). This listing marks a notable step in addressing Nigeria's infrastructure deficit.
- Announcement: The announcement was made during a closing gong ceremony at the NGX in Lagos, where Efe Shaire, Managing Director of AVA Global Asset Managers Limited, highlighted the importance of this development.
2. Significance of the Fund:
- Objective: The AVA Infrastructure Fund aims to bridge Nigeria's infrastructure gap, which is currently estimated at around $100 billion. The fund is seen as a key player in transforming critical sectors, thereby unlocking economic potential and improving the quality of life for Nigerians.
- Impact: Shaire emphasized that the N200 billion fund would significantly enhance Nigeria’s infrastructure landscape once fully raised and deployed.
3. Support from NGX Executives:
- CEO’s Endorsement: Jude Chiemeka, the CEO of the Nigeria Exchange Group, praised the initiative. He highlighted that the fund consists of 4,075 units priced at 1 million naira per unit, indicating a substantial investment effort aimed at boosting the country's infrastructure.
- Investment Protection: Femi Shobanjo, CEO of NGX Regulation Limited, stressed the importance of investments in the environmental, social, and governance (ESG) sectors, highlighting the fund's potential for economic growth and enhanced connectivity across Nigeria.
4. Catalyzing Economic Growth:
- Vision and Potential: Senior Doyen of the Exchange, Sam Ndata, spoke about the fund's role in catalyzing economic growth and improving connectivity throughout the country. He underscored the fund's listing as a critical milestone in Nigeria's journey toward infrastructure development.
- Closing Ceremony: The closing gong ceremony was portrayed as a symbolic event, representing a beacon of hope and the power to shape Nigeria’s future infrastructure landscape.