The strategic investment signifies a new phase in InfraCredit’s evolution, marked by its transition to a Public Limited Company (PLC) and a listing by introduction on the NASD OTC Securities Exchange (NASD). This move is aimed at deepening Nigeria’s capital markets, enhancing transparency, and attracting long-term domestic capital to fund sustainable infrastructure development.
Strengthening Guarantee Capacity
The fresh equity injection will substantially boost InfraCredit’s guarantee issuing capacity, positioning it to support a broader range of creditworthy infrastructure projects across the country. The funding will also diversify the company’s shareholding structure, aligning with its long-term vision of a more robust capital base and an inclusive financing ecosystem.
Speaking on the development, InfraCredit CEO Chinua Azubike expressed optimism about the company’s future:
“This moment marks the beginning of a new chapter for InfraCredit. We are pleased with the confidence reposed in us by our new institutional investor shareholders, alongside the UK Government through MOBILIST. 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.”
He emphasized that InfraCredit’s enhanced ownership structure and compliance with public market standards will foster greater investor confidence, reinforcing its role as a trusted catalyst for sustainable infrastructure financing.
Global-Local Collaboration
The UK Government, through its Foreign Commonwealth and Development Office (FCDO), played a pivotal role in the formation and growth of InfraCredit. Commenting on the latest milestone, Jonny Baxter, British Deputy High Commissioner in Lagos, highlighted the significance of this partnership:
“InfraCredit’s success underscores the power of long-term partnerships. This transaction illustrates the potential of public markets to mobilise domestic capital at scale. With MOBILIST’s backing, InfraCredit is well-positioned to drive inclusive infrastructure development while enabling local investors to benefit from domestic growth opportunities.”
Market Innovation and Impact
InfraCredit’s NASD listing is expected to facilitate broader investor participation, enhance price discovery, and improve financial transparency. The move also strengthens the bond between InfraCredit and the NASD Exchange, which began with the noting of the Multi-Issuer Clean Energy Bond series in 2022.
Eguarekhide Longe, CEO of NASD, lauded the listing as a transformative moment for Nigeria’s capital market:
“InfraCredit has consistently demonstrated innovation and leadership in unlocking infrastructure financing through guarantees. This listing extends our partnership in transforming the Nigerian economic landscape, one innovative transaction at a time.”
With its new status as a publicly listed company and an expanded investor base, InfraCredit is poised to scale its impact, addressing Nigeria’s significant infrastructure deficit by mobilizing long-term, local currency finance. Its journey reflects not just institutional growth, but a broader commitment to economic inclusion, innovation, and sustainable development.
As Nigeria seeks to unlock its vast infrastructure potential, InfraCredit’s latest move signals a stronger, more transparent, and investment-ready platform at the heart of this transformation.