By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: UK-Backed InfraCredit Lists on NASD OTC, Secures $41M to Bolster Nigeria’s Infrastructure
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

UK-Backed InfraCredit Lists on NASD OTC, Secures $41M to Bolster Nigeria’s Infrastructure

Genesis Obong
By Genesis Obong
Published: April 16, 2025
Share
4 Min Read
InfraCredit Listing
SHARE

In a significant move aimed at bridging Nigeria’s substantial infrastructure deficit, InfraCredit, the nation’s premier domestic credit guarantor, has successfully listed on the NASD OTC Exchange Plc, securing a total valuation of $41 million. This milestone, bolstered by a $6 million investment from the UK government’s MOBILIST program, marks a pivotal step in mobilizing domestic capital for critical infrastructure projects.

The listing, which includes $17.7 million in new equity, aims to empower local institutional investors, such as pension funds and insurance firms, to participate in the nation’s burgeoning infrastructure sector. The Federal Government’s estimation of a $2.3 trillion investment need between 2021 and 2043 underscores the urgency of this initiative.

“This moment marks the beginning of a new chapter for InfraCredit,” stated Mr. Chinua Azubike, InfraCredit’s Chief Executive Officer. “We are pleased with the confidence reposed in us by our new domestic institutional investor shareholders alongside the UK government through MOBILIST and our transition to a listed public company with access to equity capital markets.”

InfraCredit operates by issuing naira-denominated guarantees, mitigating investment risks and enhancing the creditworthiness of infrastructure debt instruments. This mechanism has already facilitated a project pipeline exceeding $500 million. Now, with the added equity from the NASD OTC listing, the company is poised to significantly expand its guarantee capacity.

- Advertisement -

“InfraCredit’s success highlights the power and impact of long-term partnerships, and the UK via the Foreign Commonwealth and Development Office is proud to have played a key role,” said Mr. Jonny Baxter, British Deputy High Commissioner in Lagos. “This transaction illustrates the potential of public markets to mobilise domestic capital at scale.”

Read Also: MRS Oil to Exit NGX Despite Profit Surge, Citing Operational Flexibility

The UK’s MOBILIST program’s investment also aligns with InfraCredit’s green growth strategy, aiming to steer its portfolio towards renewable energy projects. This focus on sustainability is crucial, given the global push for environmentally responsible development.

“By listing with the backing of MOBILIST, InfraCredit will enable local institutional investors to benefit from the growth opportunities presented by sustainable infrastructure development in their market,” continued Mr. Baxter.

- Advertisement -

Looking ahead, InfraCredit plans to explore a listing on the Nigerian Exchange (NGX), further solidifying its role in the nation’s capital markets. This ambition resonates with the UK’s ongoing partnership with NGX to facilitate investments aligned with the United Nations Sustainable Development Goals.

Established in 2017 by GuarantCo and the Nigerian Sovereign Investment Authority, InfraCredit’s mission is to unlock long-term, local currency infrastructure finance. This listing represents a critical step towards realizing that vision, enabling Nigeria to bridge its infrastructure gap while fostering sustainable economic growth.

This listing is more than just a financial transaction; it’s a testament to the power of collaborative partnerships in driving national development. By empowering local investors and focusing on sustainable projects, InfraCredit is setting a precedent for responsible infrastructure financing in Nigeria.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DevelopmentFinanceInfraCreditInfrastructureinvestmentMOBILISTNASD OTCNigeriaSustainabilityuk
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGenesis Obong
Follow:
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
Previous Article Rivers Judiciary Disputes Retired Magistrate’s Claims, Cites Misconduct
Next Article Rivers State Sole Administrator, Vice Admiral (Rtd.) Ibok-Ete Ekwe Ibas Speaker House of Reps Mandates Rivers Administrator Report to National Assembly

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

BREAKING: President Tinubu Endorses Four Major Tax Reform Bills
News Top stories
Lagos State Government
Lagos State Government Refutes Peter Obi’s Allegation of Property Demolition, Orders Probe
News
Oyo State Governor Seyi Makinde Renames Polytechnic Ibadan in Honour of Late Dr. Omololu Olunloyo
News
BREAKING: President Tinubu Withholds Assent to NDLEA Bill Over Proceeds Clause
News
BREAKING: High Court in Lafia Sentences Timileyin Ajayi to Death for Killing Corps Member
News
- Advertisement -
Ad imageAd image

You May Also Like

PoliticsTop stories

Barau Jibrin Pledges Unwavering Support for President Tinubu on 2027 Election Decisions

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

Ogun State Chief Judge Urges Lawyers to Prioritize Human Rights Over Tradition

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Nigeria Police - file photo
Crime

Police Launch Manhunt After Female Farmer Found Dead in Ondo State

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?