InfraCredit - Unlocking Long Term Infrastructure Finance in Nigeria
Nigeria requires over US$3 trillion in infrastructure investment over the next 30 years. InfraCredit, established in 2017 by GuarantCo and the Nigerian Sovereign Investment Authority (NSIA), addresses local financing constraints by providing Naira-denominated credit guarantees to enable investment-grade bond issuance by infrastructure developers.
InfraCo Africa’s 2020 equity investment strengthens InfraCredit’s AAA-rated balance sheet and expands its guarantee capacity. These guarantees reduce investment risk for pension and insurance funds, catalysing domestic capital market participation in infrastructure. InfraCredit also promotes best practices in health, safety, and anti-corruption. Backed by NSIA, AFC, InfraCo Africa, and KfW, the model aims to transform Nigeria’s infrastructure finance landscape and provide a replicable framework for other African markets.
