Nigeria Infrastructure Debt Fund launches N45 billion capital raise

The Nigeria Infrastructure Debt Fund (NIDF) has initiated a capital raise of up to N45 billion as part of its N200 billion issuance programme, providing investors with a chance to engage in the country's leading local currency infrastructure debt fund. The Series 12 Offer, launched on September 23, 2026, consists of 396.33 million units priced at N113.54 each, representing a 23.13% discount to NIDF's closing market price of N147.70 per unit on the Nigerian Exchange (NGX) as of September 22, 2026.

This marks NIDF's twelfth fundraising activity since its establishment in 2017 and the fourth since its listing on the NGX. As Nigeria's inaugural listed infrastructure debt fund, NIDF has proven its capability to offer long-term naira financing for crucial infrastructure projects while generating consistent returns for investors.

The Fund Manager, Chapel Hill Denham Management Limited, has stated that NIDF has financed infrastructure projects with an aggregate value of around $625 million over the past decade, thereby contributing to the strengthening of Nigeria's infrastructure debt market. The Fund has also constructed a diversified portfolio across various infrastructure subsectors and continues to assess a robust pipeline of potential investment opportunities that align with its criteria.

Proceeds from the Series 12 Offer will be utilized to finance additional infrastructure assets while maintaining the objective of delivering stable income to investors. NIDF has declared a second-quarter 2026 distribution of N4.40 per unit, further highlighting its history of regular payouts to investors.