Infrastructure Credit Guarantee Company Plc (InfraCredit) has secured a $50 million subordinated unsecured 10-year debt facility from the International Finance Corporation (IFC) to strengthen its capacity to mobilise long-term local-currency financing for infrastructure projects across Nigeria.
The agreement, announced on September 30, 2026, will be disbursed in two separate tranches of $25 million each. The facility is expected to strengthen InfraCredit’s capital structure and support its growing pipeline of infrastructure transactions across key sectors of the Nigerian economy.
Key Highlights
- InfraCredit secured a $50 million IFC subordinated debt facility.
- The facility has a 10-year tenor and will be disbursed in two $25 million tranches.
- The funding will strengthen InfraCredit’s capital base and support infrastructure financing.
- Target sectors include renewable energy, climate-smart agriculture, digital infrastructure, telecommunications, healthcare and transportation.
- InfraCredit has facilitated more than ₦600 billion in long-term local-currency financing since 2017.
- The financing has supported 28 infrastructure projects and 14 first-time issuers.
- IFC’s investment is backed by the IDA Private Sector Window Blended Finance Facility and Concessional Capital Window.
- The facility is expected to help mobilise more domestic institutional capital, including pension-fund investments.
InfraCredit Secures $50 Million IFC Facility
The InfraCredit $50 million IFC facility is designed to strengthen the company’s institutional capacity and enable it to support more infrastructure transactions.
InfraCredit said the subordinated facility will enhance its ability to mobilise long-term local-currency financing and connect development finance with domestic institutional capital.
The financing is particularly aimed at expanding access to long-term capital for sustainable infrastructure projects while deepening Nigeria’s domestic debt capital market.
Facility Targets Key Nigerian Infrastructure Sectors
The IFC facility will support InfraCredit’s activities across sectors including renewable energy, climate-smart agriculture, digital infrastructure and green growth.
Other targeted areas include telecommunications, healthcare, transportation and other productive sectors of the Nigerian economy.
The additional capital is expected to strengthen InfraCredit’s ability to work with domestic institutional investors, including pension funds and other long-term investors.
InfraCredit CEO Highlights Growing Investment Pipeline
InfraCredit Chief Executive Officer, Chinua Azubike, said strengthening institutional capacity had become increasingly important as the company’s transaction pipeline expands and its financing solutions evolve.
“Building additional institutional capacity has been an important priority for InfraCredit as our transaction pipeline grows and our financing solutions evolve,” Azubike said.
He said the IFC investment demonstrated continued confidence from the international development finance community in InfraCredit’s business model.
Azubike added that InfraCredit’s institutional support network includes development finance institutions providing subordinated debt, portfolio risk-sharing, counter-guarantees, first-loss capital and specialised investment facilities.
He said the company would build on its partnership with IFC to expand the flow of long-term capital into Nigeria’s infrastructure market.
Read also:
- Nigeria Urges Private Sector Investment to Drive Oil Refining, Gas Development
- Dangote Breaks Ground on $16 Billion Kenya Refinery, Targets 700,000 Barrels Per Day
- NNPCL Posts ₦7.2 Trillion Profit After Tax in 2025 Despite 24% Revenue Drop
- EEDC, NSE Partner on Capacity Building and Technology Innovation to Boost Productivity
IFC Says Facility Will Mobilise Domestic Capital
IFC Financial Institutions Group Director for Africa, Aliou Maiga, said the investment would help mobilise domestic resources for infrastructure projects capable of supporting economic growth, employment and sustainable development.
“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,” Maiga said.
He added that IFC was pleased to deepen its partnership with InfraCredit as the company continues to contribute to the development of Nigeria’s local capital markets.
IFC Facility Backed by Blended Finance Windows
The IFC investment is supported by the International Development Association Private Sector Window (IDA PSW) Blended Finance Facility and the Concessional Capital Window.
The facility adds to a broader network of development finance institutions and partners supporting InfraCredit through equity, subordinated debt, risk-sharing arrangements, counter-guarantees, first-loss capital, specialised financing facilities and technical assistance.
According to InfraCredit, these partnerships strengthen its capital structure and financial leverage while supporting co-financing and project-preparation platforms.
InfraCredit Has Mobilised Over ₦600 Billion
Since commencing operations in 2017, InfraCredit has facilitated more than ₦600 billion in long-term local-currency financing across 28 infrastructure projects.
The company has also supported 14 first-time issuers in accessing Nigeria’s domestic debt capital market.
Its market milestones include enabling Nigeria’s first 15-year green infrastructure bond and supporting corporate bond tenors of up to 20 years.
InfraCredit said its guaranteed infrastructure bonds have attracted strong participation from domestic institutional investors, including 20 of Nigeria’s 25 Pension Fund Administrators, with several transactions recording significant oversubscriptions.
InfraCredit Expands Role in Infrastructure Finance
The IFC facility comes amid continued institutional development at InfraCredit, including the expansion of its domestic institutional shareholder base and its transition to a listed public company on the NASD OTC Securities Exchange.
The company has also continued developing financing solutions designed to complement its core credit guarantee business and support infrastructure projects across different stages of their financing lifecycle.
Growing Multilateral Support for Local-Currency Finance
The latest IFC commitment adds to growing support from development finance institutions for local-currency infrastructure financing in Nigeria.
The African Development Bank recently approved a $15 million package for InfraCredit, comprising a $10 million subordinated loan and a $5 million risk-sharing facility.
The additional multilateral support highlights the role of development finance institutions in helping expand the availability of long-term capital for infrastructure projects in Nigeria.
InfraCredit Facility Targets Nigeria’s Infrastructure Gap
The IFC facility is expected to strengthen InfraCredit’s capital base and broaden its capacity to mobilise long-term private capital for sustainable infrastructure.
By linking development finance institutions with domestic capital markets, InfraCredit aims to increase access to local-currency financing for projects while supporting greater participation by Nigerian institutional investors.
The development comes as Nigeria continues to seek additional financing for infrastructure, renewable energy, digital connectivity, healthcare, transportation and other sectors critical to economic development.
For more updates, follow us on X.
