Nigerian Pension Fund Administrators (PFAs) have acquired significant equity stakes in InfraCredit, following a secondary market transaction on the NASD OTC Securities Exchange. The shares were purchased from MOBILIST, the UK Government’s flagship public markets programme, which had earlier invested N27 billion ($17.7 million) in InfraCredit’s April 2025 equity raise and listing. This move marks a deepening of domestic institutional participation in Nigeria’s infrastructure financing ecosystem.
Following the sale and regulatory approvals, Nigerian institutional investors including five major pension funds, will collectively own up to 27% of InfraCredit’s equity. This milestone strengthens local ownership of a nationally strategic financial institution while expanding its long-term capital base. Rating agencies such as Agusto & Co., GCR Ratings, and Fitch reaffirmed InfraCredit’s ‘AAA’ national rating, noting plans for domestic investors to eventually hold up to 50% of its equity.
British Deputy High Commissioner Jonny Baxter lauded the development as a success story in market-driven development cooperation. He noted that InfraCredit has already facilitated over N300 billion ($500 million) in infrastructure financing for Nigeria, with rising domestic participation ensuring stronger national ownership.
InfraCredit’s CEO Chinua Azubike described the secondary transaction as a “proud milestone,” symbolising Nigeria’s transition toward homegrown, pension-backed infrastructure financing—a key enabler for sustainable economic growth and capital market deepening.
