InfraCredit secures MOBILIST investment, goes public with NASD listing - Daily Trust (2025)

Business

Peter Moses, Lagos

InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, has announced the successful equity investment by the UK Government-backed MOBILIST programme, alongside other institutional investors, further strengthening its institutional shareholder base following the completion of its equity private placement.

The organisation said the strategic investment marks a major milestone in its journey, reinforcing its commitment to unlocking long-term, local currency infrastructure financing in Nigeria and creating sustainable value for its stakeholders.

The equity raise involves InfraCredit’s formal transition to a Public Limited Company (PLC) and its listing by introduction on the NASD OTC Securities Exchange (“NASD”).

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The new equity investment of NGN27 billion (US$17.7million) will significantly strengthen InfraCredit’s guarantee issuing capacity, enabling greater support for creditworthy infrastructure projects.

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Commenting on this milestone, Chinua Azubike, Chief Executive Officer of InfraCredit, stated; “This moment marks the beginning of a new chapter for InfraCredit.

“We are pleased with the confidence reposed in us by our new domestic institutional investor shareholders alongside the UK Government through MOBILIST, and our transition to a listed public company with access to equity capital markets. This reflects our ambition to build a deeper, more inclusive capital market for domestic resources that accelerates infrastructure delivery in Nigeria in line with our mission to unlock long-term local currency infrastructure finance.”

Jonny Baxter, British Deputy High Commissioner in Lagos, commented: “InfraCredit’s success highlights the power and impact of long-term partnerships, and the UK via the Foreign Commonwealth and Development Office (FCDO) is proud to have played a key role in not just the creation of InfraCredit but its continued growth.”

Speaking on the Listing, Eguarekhide Longe, CEO, NASD said, “NASD PLC. and InfraCredit PLC have established a long-standing relationship initiated by the noting of the Multi-Issuer Clean Energy Bond series from 2022. The uniqueness of the Clean Energy Multi-Issuer Bond series underscores the transformational effect that InfraCredit has brought to the Nigerian Capital Market, providing guarantees as incentive to investors, mostly institutional, to participate in the infrastructure debt market.”