FSDAi, InfraCredit Invest $13 Million in Nigeria’s Green Projects
FSD Africa Investments (FSDAi), has announced a £10 million (nearly $13 million) investment into a pioneering risk-sharing backstop facility in partnership with InfraCredit. The initiative is set to bolster local currency funding for sustainable infrastructure development in Nigeria.
The innovative facility (RSBF) aims to resolve the issue of low credit enhancement. It plans to do this by encouraging local institutional investment through bonds into early-stage or green-field climate-aligned infrastructure projects.