- Infrastructure Credit Enhancement
- NSIA, GuarantCo
Commencement Date / Closure Date / Completion Date
- 20 October 2016
Project Location (Region or State):
- Lagos, Nigeria
- InfraCredit provides guarantees to enhance the credit quality of local currency debt instruments issued to finance eligible infrastructure related assets in Nigeria, thereby acting as a catalyst to attract the investment interest from pension funds, insurance firms and other long-term investors.
Benefits / Impact (Social, Economic & Others):
- InfraCredit’s establishment has helped to channel long-term capital funding, not available from the domestic banking market – such as pension funds, insurance funds etc. –towards infrastructure entities / projects.
Project Cost / Size:
- US$183 million
- US$25 million (31.79%)
- Infraco Africa
- Africa Finance Corporation
- African Development Bank