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

RATING AGENCIES, AGUSTO AND GCR AFFIRM ‘AAA’ LONG TERM CREDIT RATING OF INFRACREDIT, WITH STABLE OUTLOOK 6 August, 2020

Reflecting the strong fundamentals and credibility of Infrastructure Credit Guarantee Company Limited (“InfraCredit”), foremost rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (GCR)

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.

IS YOUR PROJECT ELIGIBLE?

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NEWS AND UPDATES

RATING AGENCIES, AGUSTO AND GCR AFFIRM ‘AAA’ LONG TERM CREDIT RATING OF INFRACREDIT, WITH STABLE OUTLOOK (8/6/2020) - Reflecting the strong fundamentals and credibility of… ...
INFRACREDIT’S GUARANTEE SUPPORTS GEL UTILITY FUNDING SPV PLC’S ISSUANCE OF N13 BILLION 15 YEAR SENIOR GUARANTEED FIXED RATE SERIES 1 INFRASTRUCTURE BONDS DUE 2034 (2/24/2020) - InfraCredit, a ‘AAA’ rated specialised infrastructure credit… ...

LATEST TWEETS

GB Foods opens N5.5 billion factory to boost local production :GB Foods, manufacturer of the popular Gino tomato paste brand, has inaugurated its new N5.5 billion ($14.5m) factory in Ogun State. The new factory will be used to make its mayonnaise brand, Bama, for the Nigerian and West African market.

Lagos donates land for trailer park as governor inspects road projects: The disturbing gridlock created along Apapa corridor in Lagos State by heavy-duty trucks clogging the major highways may soon fade away, if the actions being taken by the Governor fully materialise. The Lagos State Government has said all roads and bridges under construction in Apapa, the nation’s port city, will be completed by October.

CHI Limited supports CBN’s backward integration programme: CHI Limited has keyed into the Central Bank of Nigeria, CBN’s backward integration policy by partnering with the Niger State to invest in massive infrastructural development, upgrade of the existing and construction of new facilities at the Bobi Grazing Reserve.

Maryland Mall developers take on Lekki multiple-use project: Purple capital, developers of Maryland Mall, says it has commenced the development of a new mixed-use centre in Lekki, Lagos. During a site conventional visit in Lekki on Saturday, the Chief Executive, Mr Laide Agboola, said this was a larger development.

Lagos plans projects to tackle flooding: The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, has said the urban renewal projects in Somolu Local Government and Bariga Local Council Development Area, will upgrade the regions and prevent flooding.

USTDA grant to support privately generated renewable energy in Nigeria: The US Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable energy. Konexa intends to develop up to 2.5MW of solar PV energy to serve grid and under-grid customers.

With CAMA 2020, FMDQ sets sights on derivatives trading : Nigeria’s financial market and the economy as a whole will receive the long-awaited boost to spur economic development and the repositioning of Nigeria as a compelling destination of capital following the Presidential assent of the Companies and Allied Matters Bill 2020.

AXA Mansard divests from pension subsidiary: AXA Mansard Insurance Plc has divested from its subsidiary, AXA Mansard Pensions Limited. The insurer has sold its stake in the company to Eustacia Limited (a member of the Verod Group).

World Bank approves $114.28 million for Nigerians: Efforts to battle the COVID-19 pandemic got a boost on Friday as the World Bank Board of Directors, on Friday, approved $114.28m for Nigeria. According to the global financial institution, the money is meant to help Nigeria prevent, detect and respond to the threat posed by the pestilence with a specific focus on state level responses.

CBN to unify exchange rates , pegs naira at 379/$ The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted.

Turnover in I & E window falls by 6% to $937 million in July: The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by 6%, month-on-month, to $937.27 million last month from $992.12 million in June, 2020.

Nigeria exported $4.47 billion worth of crude, FAAC got N1.83 trillion- NNPC : The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47 billion. It also stated that the corporation remitted a total of N1.83 trillion to the Federation Account Allocation Committee during the same period.

AWARDS & RECOGNITION

HARVARD BUSINESS REVIEW

Infrastructure in Nigeria: Unlocking Pension Fund Investments

Get Report

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