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

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.

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Energising a Sustainable Economy

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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IS YOUR PROJECT ELIGIBLE?

NEWS AND UPDATES

GCR Affirms the ‘AAA’ Ratings Assigned to Infrastructure Credit Guarantee Company Limited With Stable Outlook (10/25/2019) - InfraCredit is pleased to announce its guarantee… ...
Agusto & Co. Affirms the ‘AAA’ Ratings Assigned to Infrastructure Credit Guarantee Company Limited With Stable Outlook (10/25/2019) - InfraCredit is pleased to announce its guarantee… ...

LATEST TWEETS

FG loses N65.4b in revenue as average energy hits 3,464MW in October: Power generation from the nation’s generating companies dropped to an average of 3,464MW in October from a monthly average of 3,473MW in the month of September

Stakeholders explore sustainable solutions to power challenges: Stakeholders in the renewable energy space as well as Liquefied Natural Gas (LNG) sector, are exploring solutions to address the gaps

AFC issues $500m Eurobond: Africa Finance Corporation (AFC) an infrastructure solutions provider in Africa, has issued a $500 million 10-Year Eurobond

Nigeria’s power projects to complement WAPP’s $36.4b investment: Minister of power, Saleh Mamman, yesterday, said the country would complete Zungeru and Mambilla hydropower facilities as well as the 330 kilovolt Nigeria, Niger Benin, Togo, Burkina interconnection power network as part of measures to compliment Economic Community of West African States (ECOWAS)’s West African Power Pool (WAPP).

NNPC expresses interest in power generation to expand gas pipelines: To address challenges of gas constraints in the nation’s industrial and power sectors, the Nigerian National Petroleum Corporation (NNPC), has said it will continue to expand and integrate gas pipeline network systems to meet domestic demand.

95% of cargoes exit ports through trucks, says NPA: The Nigerian Ports Authority (NPA) has decried a situation whereby over 95% of cargoes are exiting seaports through trucks, expressing its commitment to embrace multimodal transportation through the use of locomotive trains and barges

Telcos claim suspension of fuel supply to border areas will impact services: The directive by the by Nigerian Customs Service (NCS), to suspend the supply of petroleum products to filling stations within 20km of all border areas, could crumble telecoms operations in the country with serious adverse effect on service quality, telecoms operators have warned

Airspace agency test runs Category III landing systems in Lagos: The Nigerian Airspace Management Agency (NAMA) yesterday commenced the test run of the newly installed Category III Instrument Landing System (ILS) at Runway 18 Right, Murtala Muhammed International Airport, Lagos

Ondo deep seaport to create 20,000 job opportunities: The new deep seaport being conceptualized by the Ondo State Government with some private investors is expected to open up the economy of the state and create job opportunities for up to 20,000 people in the coastal area

Government urged to intensify embedded power plants penetration: To increase access of Nigerians to electricity, operators in the power generation segment have urged the Federal Government to intensify the penetration of embedded power plants in the country

GCR Affirms Viathan Funding PLC’s National Scale Rating Of BBB-(NG): Global Credit Ratings has affirmed the long term and short term national scale Issuer ratings assigned to Viathan Funding PLC of BBB-(NG) and A3(NG) respectively, with the Outlook accorded as Stable (as against ‘Rating Watch’ previously). The ratings are valid until August 2020

GCR Extends The ‘Review Extension’ Notice Placed On NMRC’s N440bn MTNP (Series 1 And 2 Notes) Rating: Global Credit Ratings (“GCR”) has extended the ‘Review Extension’ notice placed on the long-term ratings and outlook accorded to Series 1 and 2 Notes issued under Nigeria Mortgage Refinance Company Plc’s (“NMRC”) N440bn Medium Term Note Programme (“MTNP”).

GCR Extends The ‘Review Extension’ Notice Placed On NMRC’s National Scale Ratings: Global Credit Ratings (“GCR”) has extended the ‘Review Extension’ notice placed on the national scale long and short term ratings of A-(NG),and A1-(NG); with outlook as stable, accorded to Nigeria Mortgage Refinance Company Plc (“NMRC”).

Agusto & Co. affirms the “Aaa” rating to the Nigeria Mortgage Refinance Company’s ₦11 billion, 15-year, Second Series Bond: Agusto & Co. affirms the “Aaa” rating to the Nigeria Mortgage Refinance Company’s (“NMRC” or “The Company”) ₦11 billion, 15-year, Second Series Bond (“the Issue” or “the Bond”). The Bond is the second tranche under the Company’s ₦440 billion debt issuance programme. The Rating expires on 30 June 2020.

Investors’ wealth plummet further by N18 billion: The bears further strengthened their hold on the equities sector of the Nigerian Stock Exchange (NSE) Thursday, following selloffs on some prime stocks, as investors’ wealth declined further by N18billion

‘Low-cost infrastructure, regional cooperation to sustain aviation growth in Africa, others’: The International Air Transport Association (IATA) said low-cost infrastructural development and regional cooperation would secure the future and growth of aviation in Africa and the Middle East region

OPEC downgrades forecast for global oil demand growth: The Organization of the Petroleum Exporting Countries (OPEC) has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy.

Lagos leverages the grey market to meet N1.168 trillion target: Lagos State Governor, Babajide Sanwo-Olu, presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval in the 2020 fiscal year. The budget was higher than the 2019 appropriation bill by 34 percent

Osun State woos investors with land, other incentives: To fast track economic diversification through industrialisation, agriculture and mining development to boost job creation and internally-generated revenue, the Osun State Government said it is offering massive a number of incentives, and opening negotiations with local and foreign investors that will be mutually beneficial

Marketers raise concern about rising price of cooking gas: Marketers of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, have raised concerns about the hike in the price of the commodity, due to the alleged scarcity of the product

DBN boosts MSMEs’ with N100 billion facility: The Development Bank of Nigeria (DBN), has disbursed over N100 billion to some 95,000 businesses since it began operations in 2017, its Managing Director and Chief Executive Officer, Tony Okpanachi, has disclosed

AWARDS & RECOGNITION

Harvard-Business-Review-Case-Study

HARVARD BUSINESS REVIEW

Infrastructure in Nigeria: Unlocking Pension Fund Investments

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

Development Partners