InfraCredit secures IFC’s $50 million subordinated debt for local-currency infrastructure finance

Similarly, Aliou Maiga, IFC’s Financial Institutions Group (FIG) Director for Africa, said the investment in InfraCredit reflects IFC’s commitment to strengthening Nigeria’s infrastructure financing ecosystem and mobilising long-term private capital “By supporting InfraCredit’s institutional capacity, we are helping mobilise domestic resources for infrastructure investments that can drive economic growth, job creation and sustainable development across key sectors of the Nigerian economy.

Since commencing operations in 2017, InfraCredit has played a catalytic role in developing Nigeria’s domestic debt capital market by enabling first-of-their-kind transactions, extending corporate bond tenors, broadening institutional investor participation, and demonstrating the viability of long-term, local-currency infrastructure finance.“By strengthening InfraCredit’s capital base and institutional capacity, the Facility will support continued market development while broadening the availability of long-term private capital for sustainable infrastructure across Nigeria,” the statement read.