InfraCredit – Infrastructure Credit Guarantee Company Limited

WHO WE ARE

InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

WHAT WE DO

ELIGIBILE SECTORS

GAS
DISTRIBUTION

Gas pipelines and bulk storage/logistical facilities and downstream gas processing and development
SOCIAL
INFRASTRUCTURE

The provision of economic and social infrastructure (e.g. housing, hospitals, education) within towns and cities.
INPUTS TO
INFRASTRUCTURE

Manufacture, construction of goods, equipment, or other basic materials or services used in provision of infrastructure.
AGRICULTURE

Infrastructure component of agro-industrial projects e.g. investments in agro-food processing/storage for agribusiness
POWER

The generation, transmission and/or distribution of electricity, including off-grid embedded power electrification.
RENEWABLE
ENERGY

Alternative energy and renewable energy technologies ranging from solar power, wind power, and hydroelectricity
WATER
DISTRIBUTION

Urban/rural fresh water production and treatment, bulk water supply and distribution
WASTE
MANAGEMENT

Solid waste disposal/collection, transportation and waste treatment, including waste recycling facilities
TRANSPORTATION

Fixed transportation infrastructure e.g. toll roads, bridges, rail, airports, ports and bulk storage/handling facilities
ICT/
TELECOMS

Local telephone services and IT network, internet solutions, voice, data center and cloud services to providers

GET INSIGHTS FROM OUR BROCHURE

Download our brochure for more information about our business

CAPITAL PROVIDERS

MEDIA CENTER

InfraCredit’s Guarantee Supports Transport Services Limited’s (TSL) Issuance of A ₦12 Billion 10 Year Senior Guaranteed Fixed Rate Series 1 Infrastructure Bonds Due 2030 30 December, 2020

Lagos, 15 September 2020: InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, is pleased to announce the drawdown of US$10 million subordinated unsecured 10-year facility has been completed under the Subordinated Loan Agreement with the African Development Bank (‘AfDB’ or ‘the Bank’), an international financial institution and multilateral development bank.

OUR RATINGS

PROJECTS

Transitioning to a Low Carbon Economy

330 employees

600MW

NGN 8.5 billion

North South Power Company Limited (NSP) was established in 2012 to own and operate a diverse and growing portfolio of electricity generation businesses across Africa. In 2013, the company acquired a 30-year concession of the Shiroro Hydroelectric Power Plant from the Nigeria Bureau of Public Enterprises.

100 Direct & Indirect Jobs

50 Mega Watts

10 Billion

Nigeria, the largest economy in Sub-Saharan Africa with GDP of $405 billion and c.180 million people, has recorded remarkable growth (CAGR of 15%) since 2000). Nigeria’s aggregate electricity need has been estimated at c.180,000 Mega Watts (MW) to satisfy its domestic electricity demand.

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NEWS AND UPDATES

InfraCredit’s Guarantee Supports Transport Services Limited’s (TSL) Issuance of A ₦12 Billion 10 Year Senior Guaranteed Fixed Rate Series 1 Infrastructure Bonds Due 2030 (12/30/2020) - Lagos, 15 September 2020: InfraCredit, a ‘AAA’… ...
InfraCo Africa invests in InfraCredit to unlock infrastructure finance in Nigeria (12/10/2020) - Lagos, 15 September 2020: InfraCredit, a ‘AAA’… ...

LATEST TWEETS

Ibadan-kano railway construction to begin once China approves loan – FG: The Federal Government has announced that the construction of the Ibadan to Kano railway will commence once the Chinese government approves its $5.3 billion loan. The Minister of Transportation, Rotimi Amaechi, who disclosed this at a programme in Abuja, stated that the Federal Government had given approval for the contract.

Nigeria hits all time peak power generation of 5,522.8 MW: The Transmission Company of Nigeria has announced that Nigeria has recorded an all-time peak power generation of 5,552.8 megawatts. According to TCN, the new peak power generation, which was recorded at 8.15 PM on Wednesday, was successfully transmitted across the grid to power distributors.

No approval for 50% increase in electricity tariff-NERC: The Nigerian Electricity Regulatory Commission has announced that it has not increased electricity tariff by 50 per cent. The Commission, in a statement, said such increment was not contained in the tariff order for electricity distribution companies which took effect on January 1, 2021.

NIMASA reveals plans for Badagry Deep Seaport: The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said the Badagry Deep Seaport project in Lagos State is a strategic step towards the development of Nigeria as a global maritime hub.

Watergen provides solutions for areas with bad portable water: With quality drinking water being a major problem in most parts of the world (Nigeria inclusive), a new technology has been developed to provide best quality drinking water to the human populace. The owner of the technology is offering it to Nigerian governments and other public and private institutions to avail themselves the use of the technology in the provision of this key utility.

AMCON debts bigger than FG’s 2021 Capital expenditure: The Asset Management Corporation of Nigeria (AMCON) has disclosed that the N4.4 trillion, which is owed the corporation is bigger than the entire 2021 capital expenditure budget of the Federal Government of Nigeria, which stands at N3.85 trillion.

Oil revenue gets boost as price hits $55:The international oil benchmark, Brent crude, extended its gains on Friday, rising above $55 per barrel, in what is a potential boost to Nigeria’s crude oil export revenue. Brent crude, against which Nigeria’s oil is priced, hit an 11-month high of $55.41 per barrel as of 2:50pm Nigerian time on Friday, trading more than $15 higher than the Federal Government’s benchmark for the 2021 budget

Oil bid rounds- FG to earn N161 billion: The Federal Government (FG) is estimated to generate a total revenue of N7.9 billion from the 161 companies shortlisted to advance to the final stage of the marginal fields bid round launched seven months ago. The Department of Petroleum Resources had announced on June 1, 2020 the start of the 2020 Marginal Field Bid Round, which ‘is open to indigenous companies and investors interested in participating in the exploration and production business in Nigeria’.

Cash woes- FG after dormant accounts , unclaimed dividends: Hard-pressed for additional sources of funds to plug the continued increase in revenue shortage, the Federal Government will this year take over N895 billion from banks and quoted companies representing unclaimed dividends and dormant bank balances as special borrowing to fund crisis related expenditures.

World Bank projects 5% growth for Nigeria in 2021: The World Bank on Thursday projected a 5% growth for emerging market and developing economies in 2021. Nigeria is a developing economy and the financial institution’s projection was contained in its January 2021 Global Economic Prospects report. The January 2021 Global Economic Prospects report projected a return to global growth, but stated that risks would remain as economic activity and incomes were likely to stay low for an extended period.

Federal Government lists December savings bonds:> The Federal Government has listed the latest tranches of the Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Stock Exchange (NSE), paving the way for investors to trade on the debts. In the first listing, a total of 3,088 units of a two-year savings bond with a coupon of 1.32 percent and maturity of December 2022 were listed on the sovereign debt segment of the Exchange.

AWARDS & RECOGNITION

HARVARD BUSINESS REVIEW

Infrastructure in Nigeria: Unlocking Pension Fund Investments

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Case Study by John D. Macomber and Pippa Tubman Armerding

Corporate Finance Awards 2018 – Most Innovative Infrastructure Finance –
Sub-Saharan Africa 2018

See Award Details

Unlocking the Potential For
Long Term Local Currency Infrastructure Finance In Nigeria

Unlocking the Potential For
Long Term Local Currency Infrastructure Finance In Nigeria

Connecting Infrastructure Finance to the Local Currency Debt Capital Markets

Connecting Infrastructure Finance to the Local Currency Debt Capital Markets

WHO WE ARE

WHAT WE DO

ELIGIBILE SECTORS

GAS
DISTRIBUTION

SOCIAL
INFRASTRUCTURE

INPUTS TO
INFRASTRUCTURE

AGRICULTURE

POWER

RENEWABLE
ENERGY

WATER
DISTRIBUTION

WASTE
MANAGEMENT

TRANSPORTATION

ICT/
TELECOMS