Portfolio
Project Arena
- Ongoing progress on
- Project Arena
Project Details
Sector
Real Estate
Participants
Nigeria Sovereign Investment Authority
Metrowaves Sports & Infrastructure Limited
Commencement Date
Q4 2023
States
Lagos
The Project involves the development of a 10,000-seater Arena, offering a dedicated space for sporting events, concerts, conferences, exhibitions, and other events.
The project will be developed on land plots totalling approximately 25,266.46 SQM.
Job creation.
Spurring economic growth.
Enhancing the large tourism potential of Lagos state.
Promotion of creative arts sector.
PARTNERS
How the fund is invested
N42 billion
Project Cost / Size:
$10million (N8.2billion)
NSIA’s interest:
43% Debt
57% Equity
Funding structure
15
Investment areas
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