Nigeria’s Infrastructure Debt Fund (NIDF), the country’s oldest and largest local-currency infrastructure debt fund, has launched a new fundraising initiative targeting N45 billion. The fund, which has supported numerous infrastructure projects across the nation, is seeking additional capital to finance new developments. The Series 12 offering is part of the fund’s ongoing strategy to expand its portfolio and support critical infrastructure projects.
The NIDF has been instrumental in financing roads, power plants, and other essential infrastructure since its establishment. This latest fundraising effort is expected to help address the growing demand for improved infrastructure in Nigeria. The fund’s focus on local currency ensures that the capital remains within the country, supporting domestic growth.
The government has expressed support for the initiative, highlighting the importance of infrastructure development for economic growth. Investors are encouraged to participate in the Series 12 offering to contribute to the nation’s development agenda. The success of this fundraising round could mark a significant step forward for Nigeria’s infrastructure sector.
