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I am sure that SFG management would not be wasting their time talking to NAIF over an extended period unless there was a real possibility of obtaining part of the finance from them.

PSD meets the requirements for Naif to provide financing provided SFG can demonstrate that they can repay the loans and that NAIF is not the only source of funds (there are equity investors in the wings once the debt is lined up).
PSD has enormous benefits for the region in terms of economic benefits, employment etc and as an export earner for the nation. The public benefit criteria under NAIF will not be difficult to demonstrate and the Co has a clear Indigenous Engagement Strategy.

There is of course no guarantee that NAIF will agree to provide financing but it is not correct to assert that they cannot do so.