Country
Nigeria
Sector
Financial Services
Intelligence Type
Corporate
Status / Stage
Active
Confidence
Confirmed
Latest Development
Detected automatically via the AfDB / IATI Datastore — not yet reviewed.
Sector: Formal sector financial intermediaries
Source: https://d-portal.org/ctrack.html#view/act?aid=46002-P-NG-H00-019
Company Profile
Company TypePublic
HeadquartersLagos, Nigeria
Countries of OperationNigeria
Founded2016
Websitehttps://infracredit.ng/
Parent CompanyN/A
SubsidiariesN/A / No material subsidiary identified for this record
Key ExecutivesChinua Azubike — Chief Executive Officer
Market CapitalizationN/A / Not applicable for this record
Key Developments
InfraCredit has evolved into a major Nigerian infrastructure credit-enhancement platform, using local-currency guarantees and risk-sharing structures to mobilise long-term domestic institutional capital for infrastructure. Since commencing operations in 2017, the company has expanded its activity across infrastructure bonds, renewable energy, off-grid power, transport, gas and other infrastructure-related financing. Major recent developments include its 2025 transition to a public company and listing on NASD following strategic investment from MOBILIST; the April 2025 guarantee of NGN32.5 billion in 20-year bonds for the Craneburg EKSG Motorway; and 2025–2026 guarantees supporting CEESOLAR and First Electric off-grid energy projects. InfraCredit's official milestones also record PIDG's exit in January 2026.
What Happens Next
InfraCredit is expected to continue expanding its role in local-currency infrastructure finance through new credit guarantees, risk-sharing arrangements and institutional capital mobilisation, with particular attention to renewable energy, decentralised energy, transport and other infrastructure assets seeking long-term domestic financing. Its 2026 activity should be monitored for new guarantee-backed transactions and infrastructure projects progressing toward financial close.
Commercial Opportunity
InfraCredit's expanding guarantee and credit-enhancement activity can create downstream opportunities for infrastructure developers, project-finance advisers, banks, institutional investors, bond arrangers, legal advisers, engineering firms, EPC contractors, renewable-energy companies and other service providers connected to infrastructure projects moving toward financing and financial close
Procurement & Contract Outlook
Procurement / Contract OpportunityPotential downstream procurement and contracting opportunities may emerge from infrastructure projects receiving InfraCredit guarantees, particularly in renewable energy, decentralised energy, transport, power, telecommunications and other eligible infrastructure sectors. Opportunities may include EPC, engineering, construction, equipment supply, project development, technical advisory and operations-related contracts. Specific procurement opportunities should be tracked at the underlying project level.
Expected Next MilestoneNew guarantee-backed infrastructure financing / financial close for an eligible infrastructure asset ()
Commercial Opportunity Intelligence
Financing / Capital OpportunityInfraCredit represents a significant credit-enhancement channel for long-term local-currency infrastructure financing in Nigeria. Potential capital opportunities include infrastructure bonds, guaranteed debt instruments, risk-sharing facilities, blended-finance structures and institutional investment linked to eligible infrastructure assets.
Potential BeneficiariesInfrastructure Developers, Project Finance Advisers, Banks, Pension Funds, Insurance Companies, Institutional Investors, Bond Arrangers, Legal Firms, Engineering Firms, EPC Contractors, Renewable Energy Companies, Solar Developers, Mini-Grid Developers, Equipment Suppliers, Transport Infrastructure Companies, Telecommunications Infrastructure Companies
Opportunity SignalHigh strategic relevance. InfraCredit is an important financing signal because its guarantee activity can indicate that an infrastructure asset or company is progressing toward bankable long-term local-currency financing. New guarantees, counter-guarantees and risk-sharing agreements may therefore provide early visibility into infrastructure projects approaching or reaching financial close.
Commercial ReadinessDeveloping
Further Reading & External Sources
- Capital records
- African Development Bank — US$15 Million Facility to InfraCredit
- British International Investment — US$30 Million Risk-Sharing and Blended Local Currency Co-Financing Facility
- FSD Africa — £10 Million Risk-Sharing Facility
- ATIDI — NGN37 Billion Portfolio Risk-Sharing / Counter-Guarantee
- GuarantCo — NGN20.23 Billion Counter-Guarantee for Lagos Free Zone Company
- Project / Transaction records
- Craneburg EKSG Motorway — NGN32.5 Billion 20-Year Bonds
- Green Liquified Natural Gas Limited — NGN11.85 Billion Series II Infrastructure Bonds
- CEESOLAR Off-Grid Energy Project
- First Electric Off-Grid Energy Project
- Lagos Free Zone Company Infrastructure Bond Transactions
- Asiko Power — NGN1.5 Billion
- Pan African Towers — NGN10 Billion Guarantee
- Gas Terminalling Storage Company — NGN3.5 Billion Facility
Historical Intelligence
2016 — Infrastructure Credit Guarantee Company Plc (InfraCredit) was established in Nigeria.
June 2017 — InfraCredit commenced operations, providing credit guarantees to support long-term local-currency infrastructure financing.
December 2017 — InfraCredit issued its maiden guarantee, supporting Nigeria's first 10-year corporate infrastructure bond.
November 2018 — African Finance Corporation (AFC) invested US$25 million in InfraCredit.
November 2018 — KfW invested €31 million in subordinated capital to strengthen InfraCredit's guarantee capacity.
February 2019 — InfraCredit supported the first 15-year corporate green infrastructure bond issued by NSP.
April 2019 — The African Development Bank approved a US$15 million investment package for InfraCredit, comprising a US$10 million subordinated loan and a US$5 million partial credit guarantee facility.
August 2019 — InfraCredit provided a NGN13 billion guarantee to GEL, supported by a USAID co-guarantee.
December 2019 — KfW provided an additional €23.5 million in subordinated capital to InfraCredit.
September 2020 — InfraCo Africa invested US$27 million in InfraCredit.
September 2020 — InfraCredit supported TSL with a guarantee for a 10-year corporate infrastructure bond.
2021 — InfraCredit issued its first two blended-finance guarantees, expanding its use of credit enhancement structures to mobilise infrastructure capital.
September 2021 — Leadway invested US$5 million in InfraCredit.
September 2021 — InfraCredit supported Lagos Free Zone Company with a guarantee for a 20-year corporate infrastructure bond.
January 2022 — InfraCredit provided a NGN10 billion, 10-year guarantee supporting Pan African Towers.
April 2022 — InfraCredit issued its first guarantee under its PCB structure for Asiko Power, supporting a NGN1.5 billion financing.
April 2022 — InfraCredit provided a NGN25 billion guarantee for Lagos Free Zone Company's Series II infrastructure bond.
September 2022 — InfraCredit guaranteed a blended local-currency green-certified debt issue supporting a solar mini-grid project.
November 2022 — InfraCredit supported a NGN3.5 billion, seven-year financing facility for Gas Terminalling Storage Company.
March 2023 — InfraCredit provided a NGN17.5 billion guarantee for Lagos Free Zone Company's Series III 20-year infrastructure bond.
May 2023 — The African Development Bank approved a US$15 million subordinated loan to strengthen InfraCredit's capacity to support infrastructure financing in Nigeria.
July 2023 — InfraCredit supported a blended local-currency green-certified debt transaction for solar-powered rural telecommunications infrastructure.
August 2023 — FSD Africa committed £10 million through a risk-sharing facility to support sustainable infrastructure financing in Nigeria.
November 2023 — GuarantCo provided a NGN20.23 billion counter-guarantee supporting InfraCredit-guaranteed infrastructure bond transactions for Lagos Free Zone Company.
December 2023 — InfraCredit provided an initial NGN3 billion debt financing guarantee to Modern Shelter Systems & Services under a larger NGN12.5 billion debt programme.
March 2024 — InfraCredit and the African Trade Insurance Agency (ATIDI) entered into a NGN37 billion portfolio risk-sharing and counter-guarantee arrangement.
June 2024 — InfraCredit secured a US$15 million facility from the African Development Bank to strengthen its infrastructure credit-enhancement capacity.
December 2024 — InfraCredit mobilised Nigeria's first blended local-currency Green Infrastructure Forward Ijarah Lease Sukuk for solar-powered rural infrastructure.
March 2025 — InfraCredit guaranteed NGN11.85 billion in 10-year senior guaranteed Series II infrastructure bonds issued by Green Liquified Natural Gas Limited (GLNG), with the bonds due in 2035.
April 2025 — InfraCredit guaranteed NGN32.5 billion in 20-year bonds for the Craneburg EKSG Motorway, marking a significant infrastructure financing transaction under its Annuity PPP Guarantee Product.
April 2025 — InfraCredit secured strategic investment from MOBILIST and transitioned to a public company with a listing on the Nigerian Exchange's NASD platform.
July 2025 — InfraCredit partnered with the African Mini-grid Developers Association (AMDA) to strengthen market readiness for decentralised renewable energy and mini-grid development.
November 2025 — A MOBILIST-supported secondary transaction brought new domestic institutional investors into InfraCredit's shareholder structure.
November 2025 — InfraCredit provided credit enhancement supporting local-currency debt financing for CEESOLAR's off-grid energy project.
January 2026 — PIDG exited InfraCredit Nigeria, marking a significant change in the company's long-term ownership structure.
January 2026 — InfraCredit supported local-currency debt financing for First Electric's off-grid energy project, further expanding its activity in decentralised energy infrastructure.
August 2026 — Current Intelligence Position — InfraCredit remains a key credit-enhancement platform for Nigerian infrastructure finance, with its recent activity increasingly spanning renewable energy, decentralised energy, transport and other infrastructure sectors. Its guarantee activity continues to provide a potential signal for infrastructure assets progressing toward long-term local-currency financing and financial close.
Source & Verification Trail
Last VerifiedAug 4, 2026
Source(s)African Development Bank (via IATI) — https://d-portal.org/ctrack.html#view/act?aid=46002-P-NG-H00-019
Source DateAugust 4, 2026