Unlocking The Potential For Infrastructure Financing In Nigeria
ENHANCING THE CREDIT QUALITY OF INFRASTRUCTURE DEBT
FACILITATING ACCESS TO LONG TERM DEBT CAPITAL
DEEPENING THE NIGERIAN DEBT CAPITAL MARKETS
InfraCredit is being established by the Nigeria Sovereign Investment Authority in collaboration with Guarant Co to provide guarantees to enhance the credit quality of local currency debt instruments issued to finance eligible infrastructure related assets in Nigeria
This entity is necessary because long-term capital required by infrastructure entities/projects to be commercially successful is not available from the domestic banking market.
It would act as a catalyst to attract the investment interest from pension funds, insurance firms and other long term investors, thereby deepening the Nigerian debt capital markets.
Its successful operation will address the constraints facing the Nigerian pension market and motivate their involvement in investing in long term bonds to finance infrastructure assets.
This initiative is in conformance with the overall objective of NSIA and GuarantCo to facilitate private investment in infrastructure to support sustained economic growth in Nigeria.