Business Planning

Unlocking long-term local currency infrastructure finance in Nigeria

We supported North South Power’s issuance of the first 15year corporate green infrastructure bond in Nigeria to finance its hydro power capacity expansion

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AERIAL VIEW OF SHIRORO HYDROELECTRIC POWER PLANT, NIGER STATE

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Business Planning

Mobilizing private sector investment in infrastructure

We supported Viathan Group's issuance of the first 10 year corporate infrastructure bond in Nigerian debt capital markets to expand its installed energy capacity and construct a compressed natural gas plant

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ISLAND POWER GENERATION COMPANY IN LEKKI, LAGOS

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Deepening the domestic debt capital markets

We collaborated with USAID to provide the first co-guarantee for a local currency infrastructure bond to support GEL Utility Limited’s power evacuation and expansion plans

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GEL UTILITY OFF GRID POWER PLANT, RIVERS STATE

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Unlocking long-term local currency infrastructure finance in Nigeria

We supported Transport Services Limited’s issuance of the first 10-year infrastructure bond in the transportation and logistics sector.

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VIEW TSL PROJECT IMPACT

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Who we are

InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued…

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What we do

Our guarantees provide investors with timely payment of principal and interest, creating a new asset class for pension funds…

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Eligible sectors

Our Impact

Our guarantees act as a catalyst to attract domestic credit from pension funds, insurance firms and other long-term investors into credit worthy infrastructure projects thereby deepening the Nigerian debt capital market.

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43.5

Domestic capital
mobilized from
Pension Funds

0

First-Time Issuers
Accessing Capital
Markets

0

Infrastructure
projects reaching
financial close

707

Long-term
jobs enabled in
Nigeria

Development Impact

A holistic approach to Infrastructure Development in Nigeria

InfraCredit’s Theory of Change has a focus on development impact, which will allow us to take a holistic approach to infrastructure development in Nigeria. We work to address a range of challenges in order to attract the investment capital that will close Nigeria’s infrastructure gap across the financing spectrum, whilst ultimately contributing towards reaching the SDGs…

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Impact
Assessment

The impact we are delivering through our capital market activities are measured by specific outcome indicators.

Impact
Assessment

The impact we are delivering through our capital market activities are measured by specific outcome indicators.

Capacity Building

This programme will strengthen our development impact and unlock blended finance tools for sustainable infrastructure development and SDGs.

Capacity Building

This programme will strengthen our development impact and unlock blended finance tools for sustainable infrastructure development and SDGs.

Market
Development

InfraCredit will expand the debt capital market, investor base and new sources of capital for infrastructure financing.

Market
Development

InfraCredit will expand the debt capital market, investor base and new sources of capital for infrastructure financing.

Capital Providers

Our Ratings

Our Portfolio

With five projects that have reached financial close, and other pipeline deals across Nigeria worth over NGN100 Billion, click here to see our projects footprints.

Is your project eligible?

Our strict eligibility criteria support our zero-loss underwriting standards. Contact us to evaluate the eligibility of your project, or simply download our eligibility criteria here

Guarantees

Technical Assistance

Guarantees

Technical Assistance

Global News

Kacific, PIDG TA and GuarantCo supporting COVID-19 response in Asian and Pacific rural communities | Level the playing field: Three ways in which InfraCo Asia is empowering women and girls | The Private Infrastructure Development Group joins the Partnership for Carbon Accounting Financials | Highlights of the PIDG year, 2020 | Putting safety at the heart of infrastructure development, by Connor Dawson of InfraCo Africa | Behind the scenes: Leaving a legacy of development | Behind the scenes: Igniting innovation in sub-Saharan Africa, by Claire Jarratt | Pioneering infrastructure in Myanmar – the last frontier for wind power, by Kenneth Goh | PIDG Pathfinder newsletter Autumn / Winter 2020 | PIDG TA supporting local communities during the Covid-19 pandemic

News & Updates

InfraCo Africa Executives join the Board of Directors of InfraCredit...

InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, backed by the Nigerian Sovere

February 18, 2021

InfraCredit appoints Vivien Shobo as an Independent Non-Executive Director...

Lagos, 17January 2021: InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, backe

February 17, 2021

Latest Tweet

News Update

NERC approves tariff review applications, Capex for DisCos: The Nigeria Electricity Regulatory Commission (NERC) has approved new Extraordinary Tariff Review applications, Performance Improvement Plan (PIP) and Capital Expenditure (CAPEX) for electricity Distribution Companies (DisCos) effective from 1st July 2021

$1.3 Zungeru Power Plant Reaches 88% Completion: The $1.3 billion Zungeru hydroelectric power plant located in Kaduna State, has now reached 88 per cent completion, with December 2021, set as the date for its inauguration

Lekki Port reaches 50% of breakwater’s construction: Construction of the Lekki Deep Sea Port has reached 50 percent with the completion of the 1,909 meters long core of the main breakwater while work on the quay wall and landside infrastructure has reached advanced stages

Transcorp pushes investment in power sector, others: Diversified conglomerate, Transnational Corporation of Nigeria Plc, Transcorp, has stepped up its presence in the nation’s power and petroleum sectors.

Experts lament N226 billion real estate, construction bad loans: Some experts have lamented the increasing non-performing loans in the real estate and construction industry. The Nigerian Bureau of Statistics in its latest report on selected banking sectors disclosed that non-performing loans from banks to the real estate and construction sectors were in excess of N226 billion.

FG to make gas cheaper, move petroleum products by railway: Federal Government is perfecting a plan to extend equalisation scheme to Liquefied Petroleum Gas (LPG) as part of measures to reduce deforestation, greenhouse pollution and death from the use of solid fuels.

GCR affirms Global Accelerex Limited’s national scale long term Issuer rating of BBB+_(NG), Outlook Stable: GCR Ratings (“GCR”) has affirmed the national scale long-term and short-term Issuer ratings of BBB+_(NG) and A2_(NG) respectively accorded to Global Accelerex Limited, with the Outlook accorded as Stable.

GCR places First Bank of Nigeria Limited’s Long and short-term A-_(NG)/ A2_(NG) national scale ratings on Negative Rating Watch following the removal of the board by the regulator: GCR Ratings (“GCR”) has placed First Bank of Nigeria Limited’s (“the bank”) long and short-term national scale ratings of A-_(NG) and A2_(NG) respectively on “Negative Rating Watch” after reconstitution of the bank’s (and Holding Company) board of directors by the Central bank of Nigeria (“CBN”)

GCR downgrades the long term Issuer rating of BBB+_(NG) assigned to the G.O.S Management Company Limited N8.4bn Medium Term Notes, Stable Outlook: GCR Ratings (“GCR”) has downgraded G.O.S Management Company Limited N8.4 billion medium term notes long term issue rating to BBB+_(NG).

GCR affirms Gombe State Government’s long term Issuer rating of BB+_(NG) with a Stable Outlook and assigns a short-term Issuer rating of B_(NG).: GCR Ratings (“GCR”) affirms the national scale long-term Issuer rating of BB+_(NG) with a Stable Outlook and assigns a national scale short-term Issuer rating of B_(NG) to Gombe State Government.

GCR affirms Niger State Government’s long term Issuer rating of BBB-_(NG) with a Stable Outlook and assigns a short term Issuer rating of A3_(NG).: GCR Ratings (“GCR”) affirms the national scale long-term Issuer rating of BBB-_(NG) with a Stable Outlook and assigns a national scale short-term Issuer rating of A3_(NG) to Niger State Government.

External reserves lost $350m in two weeks, says CBN: The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria on Monday revealed that the reserves, which had been fluctuating, rose from $34.85bn as of April 1 before returning to a downward path in the middle of the month

Foreign investment in Nigerian stocks falls to N60.11 bn: Foreign portfolio investment in the Nigerian stock market dropped by 8% in Q1 of 2021 to N60.11 bn from N65.27 bn in the same period of 2020.

Stock investors gained N420bn in April – Reports: Investors in the Nigerian stock market gained N420bn in April as listed companies began releasing their earnings reports for Q1 of the year. The market capitalisation of equities rose to N20.85tn as of April 30 from N20.43tn at the end of March, data from the Nigerian Exchange Limited showed.

NNPC Sells N267bn Crude Oil, Maintains 1.42m bpd Output: The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in Q1 of 2021, a document presented to the Federation Account Allocation Committee (FAAC).

Nigeria’s revenue threatened as India slashes crude imports by $39.5bn: Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s largest crude oil importer, reduced crude oil imports by $39.5bn in April, compared to the same time the previous year, data from India’s Petroleum Planning & Analysis Cell showed.