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InfraCredit

“Can a domestic credit guarantee institution unlock Nigerian pension capital for long-dated local-currency infrastructure finance?”

Founded2017
HQLagos, Nigeria
Total raised$159.7M
IndustryFintech / Credit Guarantee (Infrastructure)

The story

InfraCredit was founded in 2017 by the Nigeria Sovereign Investment Authority (NSIA), with backing from KfW, AFC, AfDB and InfraCo Africa, as a specialised local-currency credit guarantee institution to unlock long-term infrastructure finance from Nigerian pension funds and insurers. Its core product is a credit guarantee (not a loan) that enhances issuer creditworthiness so infrastructure sponsors can access the Nigerian debt capital markets. Over time it has extended into climate finance (Climate Finance Blending Facility, off-grid energy) while remaining tightly focused on Nigeria.

Last 12 months

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Product timeline

2017

InfraCredit established as first-of-its-kind AAA(NG)-rated specialised infrastructure credit guarantee institution, developed by NSIA.· launch

2019

Supported Viathan Group's issuance of the first 10-year corporate infrastructure bond in Nigerian debt capital markets.· product

2021

Supported North South Power's issuance of the first 15-year corporate green infrastructure bond in Nigeria.· product

2023

Launched Climate Finance Blending Facility with £10M FCDO concessional funding to co-finance off-grid energy investments.· product

Regulated entities

regulatory licence held by InfraCredit

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

1 layer disclosed in InfraCredit’s embedded-finance stack

Lending

InfraCredit (in-house)Local currency infrastructure credit guaranteesContingent Refinancing GuaranteesClimate Finance Blending Facility (off-grid energy)

Accounting gap: none

InfraCredit — frequently asked

Who provides InfraCredit's lending?

InfraCredit's lending and capital products are provided by InfraCredit (in-house).

Where is InfraCredit headquartered?

InfraCredit is founded in 2017 and headquartered in Lagos, Nigeria.

How much funding has InfraCredit raised?

InfraCredit has raised $159.7M in total.

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