{
  "id": 11328962,
  "title": "InfraCredit Secures $50m IFC Debt Facility for Local Currency Infrastructure Finance",
  "url": "https://urgent.news/2026/10/02/infracredit-secures-50m-ifc-debt-facility-for-local-currency",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T01:11:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/02/infracredit-secures-50m-ifc-debt-facility-for-local-currency-infrastructure-finance/"
  },
  "original_language": "en",
  "account": "Infrastructure Credit Guarantee Company Plc, commonly known as InfraCredit, has recently finalized a $50 million subordinated unsecured 10-year debt facility with the International Finance Corporation (IFC). This agreement is a significant development for InfraCredit, as it bolsters its capital structure and enables the company to support an expanding portfolio of infrastructure projects across various sectors in Nigeria. The facility is part of the IFC's commitment to strengthening Nigeria's infrastructure financing ecosystem and mobilizing long-term private capital. \"By supporting InfraCredit’s institutional capacity, we are helping mobilize domestic resources for infrastructure investments that can drive economic growth, job creation and sustainable development across key sectors of the Nigerian economy,\" said Aliou Maiga, IFC’s FIG Director for Africa. InfraCredit's CEO, Chinua Azubike, expressed his gratitude for the investment, stating that it reinforces the company's capacity to mobilize long-term domestic capital and demonstrates the continued confidence of the international development finance community in InfraCredit's business model. The transaction highlights the increasing importance of development finance institutions in supporting Nigeria's infrastructure financing ecosystem and the maturation of InfraCredit's institution.",
  "summary": "Oluchi Chibuzor Infrastructure Credit Guarantee Company Plc (InfraCredit), has announced the execution of a $50 million subordinated unsecured 10-year debt facility with the International Finance Corporation (IFC), a member of",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}