Transaction

Private Infrastructure Development Group (PIDG) Exits InfraCredit Nigeria for USD 26 million

Announced

29 January 2026

Target

Infrastructure Credit Guarantee Company PLC

Value

$26m

Asset class

Private Equity, Infrastructure & Project Finance

Type

Exit

Instrument

Preference Shares (Equity)

Sector

Financial services / Credit Infrastructure

Markets

Nigeria

About the target

Infrastructure Credit Guarantee Company PLC (InfraCredit) is a Nigeria-based specialised credit enhancement institution incorporated in October 2016 and operational since January 2017. Headquartered in Victoria Island, Lagos, InfraCredit provides irrevocable, unconditional local currency (Naira-denominated) guarantees to improve the creditworthiness of debt instruments issued by corporates, special purpose vehicles, and sub-sovereign entities to finance eligible infrastructure assets in Nigeria. The company serves clients across the power, renewable energy, transportation and logistics, telecommunications, gas distribution, affordable housing, and manufacturing sectors. InfraCredit holds a 'AAA' national-scale credit rating from GCR Ratings and Agusto & Co., and an investment-grade rating from Fitch Ratings. As of April 2025, the company transitioned to a Public Limited Company and listed by introduction on the NASD OTC Securities Exchange, raising NGN 27 billion in new equity from the UK Government-backed MOBILIST programme and domestic institutional investors, including two pension funds.