Nigerian Pension Fund Administrators (PFAs) have purchased shares of InfraCredit, a specialized infrastructure credit guarantee company with a “AAA” rating, via MOBILIST, the UK government’s premier public markets initiative. Their resolve to attract new domestic institutional investors to Nigeria’s infrastructure equities market is consistent with this. The transaction, which highlights the robustness of InfraCredit’s governance and the growing confidence of domestic institutional investors in long-term infrastructure equity, is a historic step in Nigeria’s infrastructure investment landscape, according to a statement.With the help of MOBILIST’s investment in April 2025, InfraCredit was able to raise N27 billion (US$17.7 million) in equity and list on the NASD OTC Securities Exchange, becoming a Public Limited Company (PLC) and growing its network of domestic institutional investors. By adding five domestic institutional investors—four of whom were not involved in the original listing—this secondary share offering expands that developmental influence.Up to 27% of InfraCredit’s ordinary shares would be owned by Nigerian domestic institutional investors after regulatory approvals, strengthening domestic institutional ownership of a strategically significant financial institution and expanding its long-term capital base. In their 2025 evaluations, rating agencies such as Agusto & Co., GCR Ratings, and Fitch Ratings acknowledged that more domestic institutional participation was a goal that InfraCredit’s ownership framework was intended to achieve.Noting that Nigerian pension funds, insurers, and other long-term institutional investors are anticipated to eventually hold up to 40–50% of InfraCredit’s stock, each maintained the company’s “AAA” national rating. “The UK consistently prioritizes transformational investments that unlock commercial markets,” stated Mr. Jonny Baxter, the British Deputy High Commissioner (Lagos). One such instance is InfraCredit, a domestic guarantee platform that is currently drawing institutional investors from Nigeria. In order to promote infrastructure development throughout Nigeria, InfraCredit has so far enabled approximately N300 billion in funding, which is worth more than $500 million equivalent indexed at issue. We’re thrilled to watch this momentum continue to build, fueled by more domestic funding and providing Nigerian investors with substantial returns.
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