UK invests N9.5 billion in Nigeria’s InfraCredit

The UK government, through the Mobilist programme, has invested N9.5 billion in InfraCredit, Nigeria’s first and only domestic credit guarantee institution, supporting its listing on the country’s NASD OTC Securities Exchange.

This investment is part of a N64 billion listing, with InfraCredit raising NGN27 billion in new equity.

This capital infusion was bolstered by a ₦9.5 billion investment from the UK government’s Mobilist programme, which aims to support the development…