• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

Infracredit and the French development agency (AFD) sign technical assistant agreement to support Sub-national public-private partnership projects in Nigeria 

NM Partners by NM Partners
July 6, 2022
in Corporate Updates
Infracredit and the French development agency (AFD) sign technical assistant agreement to support Sub-national public-private partnership projects in Nigeria 
Share on FacebookShare on TwitterShare on Linkedin

InfraCredit, an ‘AAA”(NG) rated specialised infrastructure credit guarantee institution in Nigeria and the Agence Française de Développement (AFD), the development agency of the French government and the main implementing agency for France’s official development assistance, have signed a Technical Assistance Financing Agreement. Under the latter, AFD will provide project preparation and development technical assistance support for InfraCredit’s prospective pipeline of public-private partnership (PPP) projects in selected state governments that require support to improve their bankability and attract private sector participation. Thus, it will enable them reach financial close and access long-term local currency financing from the domestic debt capital markets.

The successful implementation of the project will support eligible projects with technical, legal and feasibility studies for PPP projects to be selected in agreement between InfraCredit and AFD. This will enable eligible sub-national infrastructure projects reach financial close, support new job creation, and enable more capital markets instruments to be issued to institutional investors.

InfraCredit’s Annuity PPP Guarantee was developed to facilitate the sustainable financing of new infrastructure projects alongside subnational governments in Nigeria. It is done through technical assistance and catalytic capital to accelerate state-supported and private sector-led development of bankable, revenue-generating infrastructure projects under design, build, finance, operate and maintain (“DBFOM”) arrangements by the private partner, supported by a transitional annuity revenue assurance by the state government to be replenished from the future cash flows generated from the project. Such eligible projects could benefit from InfraCredit’s guarantee which can mobilise up to 20-year local currency financing from the domestic debt capital markets.

RelatedStories

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

March 10, 2025
InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 

InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 

December 17, 2024

As a result, additional finance is unlocked, reaching critical sectors most in need, supporting new viable infrastructure that will have an impact: job creation, poverty reduction, protection of the environment and local economic growth.

Speaking on the Agreement with AFD, the Chief Executive Officer of InfraCredit, Chinua Azubike, stated that “To date, InfraCredit’s guarantees have enabled the issuance of up to USD266 Million (NGN Equivalent) of local currency infrastructure bonds, of which 61% include PPP projects, however an increasing pipeline of sub-national infrastructure projects require project preparatory support to deliver well-structured bankable projects that can access the debt capital markets, our collaboration with AFD through technical assistance support will enable state governments adopt new funding tools and PPP models that will attract and retain private sector’s financial incentive to invest in viable infrastructure projects. AFD’s technical assistance funding will enable InfraCredit build deal pipelines of well-prepared state government-supported and private sector-led infrastructure projects to be executed under InfraCredit’s Annuity PPP guarantee product”.

Speaking on the Agreement entered into with InfraCredit, Xavier Muron, the Country Director of AFD in Nigeria, noted that:  “This €600,000 grant to Infracredit will finance studies for future infrastructure projects through public-private partnerships throughout Nigeria. Ultimately, it aims at mobilising further the private sector in PPP infrastructure projects.”

 

For further enquiries, please contact:

Infrastructure Credit Guarantee Company Limited​​​

Media Enquiries: info@infracredit.ng

Guarantee Enquiries: transactions@infracredit.ng

Phone: +234 6312300

 

Agence Française de Développement (AFD),

BLAIZOT Élise – Project Officer, Financial Sector – Public Sector – Governance

blaizote.ext@afd.fr

Mobile: +234 703 249 4771

 

 

About InfraCredit

InfraCredit is a ‘AAA’(NG) rated specialised infrastructure credit guarantee institution backed by the Nigeria Sovereign Investment Authority, GuarantCo (a Private Infrastructure Development Group company), KfW Development Bank, Africa Finance Corporation, InfraCo Africa and African Development Bank, to provide local currency guarantees and mobilise long term debt financing for infrastructure in Nigeria. InfraCredit’s guarantees act as a catalyst to attract domestic credit from pension funds, insurance firms and other long-term investors into credit-worthy infrastructure projects, thereby deepening the Nigerian debt capital markets. InfraCredit operates on a commercial basis with a developmental role and benefits from private sector governance.

InfraCredit maintains the highest domestic financial strength ratings accorded to any financial institution by Agusto and Co. and Global Credit Ratings Co., two of the major domestic credit rating agencies.

For more information, please visit www.infracredit.ng and follow us on Linkedin and Twitter.

About AFD

The Agence Française de Développement (AFD) funds, supports, and accelerates the transitions to a fairer and more sustainable world – aligned on the Sustainable Development Goals. Focusing on climate, biodiversity, peace, education, urban development, health and governance, our teams carry out more than 4,000 projects in France’s overseas departments and territories and another 115 countries. In this way, we contribute to the commitment of France and French people to support the sustainable development goals.

It is present in Nigeria since 2008 with its main office based in Abuja along with an additional branch in Lagos. Its main sectors of intervention in the country are energy, high education, agriculture, water along with support to civil society organisations.

For more information, please visit https://www.afd.fr/en  and follow us on LinkedIn and Twitter.

Tags: AFDChinua AzubikeInfraCreditXavier Muron
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 
Companies

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

March 10, 2025
InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 
Companies

InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 

December 17, 2024
InfraCredit secures a US$30 million Risk Sharing and Blended Local Currency Co-financing Facility from British International Investment to Support Decentralised Renewable Energy Projects in Nigeria  
Companies

InfraCredit secures a US$30 million Risk Sharing and Blended Local Currency Co-financing Facility from British International Investment to Support Decentralised Renewable Energy Projects in Nigeria  

November 14, 2024
Fitch Ratings affirms InfraCredit’s insurer financial strength (IFS) National rating At ‘Aaa(Nga)’ with a stable outlook 
Companies

Fitch Ratings affirms InfraCredit’s insurer financial strength (IFS) National rating At ‘Aaa(Nga)’ with a stable outlook 

August 21, 2024
Infracredit
Corporate Updates

Rating agency GCR affirms InfraCredit’s national scale long-term issuer rating of Aaa(Ng), outlook stable

July 2, 2024
InfraCredit secures US$15m facility from AfDB Group to support infrastructure financing in Nigeria
Companies

InfraCredit secures US$15m facility from AfDB Group to support infrastructure financing in Nigeria

June 24, 2024
Next Post
G.Jayeola Okuazun, General Manager, Ventures Park; Chinonye Nwatu, Area Operations Manager, Sundry Markets; Laide Agboola, Chief Executive Officer, Purple ; Nafisah Abubakar, Director, Ventures Park, Seyi Sowale, GED – Finance and Strategy, Purple.

Purple announces Genesis Cinemas, Market Square and The Ventures Park as anchor tenants at new development PurpleLekki

Comments 1

  1. RENTOLOG TECHNOLOGY LTD says:
    July 6, 2022 at 4:02 pm

    Alternative Product to Fuel:
    Rentolog electric water technology had been analyzed and found worthy for consumer taste. We give thanks to God who made this innovation possible.
    HOW DO IT WORK?
       When water is supplied to the tank, the water flows into a region, the region is blocked by an arc as in your conventional dam, the pressure of the water will increase, the arc opens and the pressure reduces. According to Bernoulli principle, the lower the pressure increases the speed of the fluid(water) and higher the pressure, the speed (velocity) reduces. The  water speed is maintained by Pascal principle, which states the fluid at a point or region is evenly distributed . The flow to a region of empty space , gravity and magnetic field of the magnet pull it towards the turbine as in the mountain fall But for an effective precision the entrance to the turbine region will be small just like in the spark plug in Internal combustion engine. The reason is for the water to concentrate in the blade of the turbine for turning purposes  . As the water turns the turbine  , Faraday law of magnetic field will occur, the turning of the turbine blade will convert the circular motion to reciprocating motion. A small electric current will be supplied to the coil and the rotor which strengthens the electricity and supplies it to the battery, and your home. The water  will flow back to the tank passing through the non return valve to continue the thermodynamic flow equation. This process conserves energy and requires minimum electricity to operate and also it is efficient. The body of the RET system is made of an insulator to prevent escape of electricity .
    click: rentologtechnologyltd.simdif.com
    Jesus loves you

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 
  • Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 
  • UK says Nigeria will continue to enjoy duty-free access on 99% of exports  

Follow us on social media:

Recent News

Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 

Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 

June 20, 2025
Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 

Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics