InfraCredit Secures Strategic Investment and Goes Public on NASD Exchange

InfraCredit, Nigeria’s leading infrastructure credit guarantee institution, has reached a major milestone. It recently secured a ₦27 billion (about $17.7 million) equity investment, with a significant contribution from the UK government-backed MOBILIST program. This strategic move not only strengthens InfraCredit’s financial position but also marks its formal transition into a Public Limited Company (PLC) and its listing on the NASD OTC Securities Exchange. The fresh capital will help InfraCredit expand its guarantee capacity, allowing it to support even more creditworthy infrastructure projects in Nigeria. Importantly, the investment also diversifies InfraCredit’s shareholder base, further solidifying its foundation as it works towards boosting local currency financing for major development projects.

MOBILIST’s share of the investment, around ₦9.5 billion ($6 million), demonstrates growing international confidence in InfraCredit’s mission. Other domestic institutional investors also contributed to this raise, making it a joint effort between local and foreign stakeholders to support Nigeria’s infrastructure needs. InfraCredit has been a game-changer for infrastructure financing in Nigeria. It offers guarantees in local currency, a major advantage for attracting long-term funding from pension funds, insurance companies, and other domestic investors. Since its inception, InfraCredit has helped facilitate over ₦264 billion in long-term financing for essential sectors like renewable energy, affordable housing, transportation, and manufacturing.

By listing on the NASD Exchange, InfraCredit is committing to greater transparency, stronger governance, and broader investor access. This move is expected to drive better price discovery and open up new capital raising opportunities as InfraCredit continues to grow. It also reflects a bigger vision—helping Nigeria bridge its massive $2.3 trillion infrastructure gap by 2043, while supporting a greener and more sustainable economy.

InfraCredit’s journey has been supported by a strong group of shareholders, including the Nigeria Sovereign Investment Authority, InfraCo Africa, KfW Development Bank, Africa Finance Corporation, and African Development Bank. The addition of MOBILIST to this list brings an extra layer of global validation to InfraCredit’s work. Looking forward, InfraCredit plans to explore even more public market opportunities, including a possible future listing on the Nigerian Exchange (NGX). This strategy aims to deepen the pool of long-term domestic capital available for infrastructure projects, critical for Nigeria’s economic growth.

Speaking on this achievement, Chinua Azubike, CEO of InfraCredit, said:

“This moment marks the beginning of a new chapter for InfraCredit. Our transition to a listed public company reflects our ambition to build a deeper, more inclusive capital market for domestic resources that accelerates infrastructure delivery in Nigeria.”

Jonny Baxter, the British Deputy High Commissioner in Lagos, also emphasized the significance of this move:

“InfraCredit’s success highlights the power and impact of long-term partnerships. This transaction illustrates the potential of public markets to mobilize domestic capital at scale.”

InfraCredit’s next chapter is clearly focused on growth, innovation, and helping to power Nigeria’s future through sustainable infrastructure finance.