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
1
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