InfraCredit
InfraCredit is Nigeria's first AAA-rated infrastructure credit guarantee institution, providing irrevocable local currency guarantees that channel long-term domestic pension fund capital into infrastructure debt across power, transportation, renewable energy, and social infrastructure sectors.
- Company typePublic
- Founded2017
- HeadquartersLagos, Nigeria
- Headcount1–10
- GTM typeB2B
- OfferingServices
What InfraCredit does
InfraCredit (legal name: Infrastructure Credit Guarantee Company Plc) is Nigeria's first specialized credit guarantee institution for infrastructure finance, established in 2017 through a partnership between the Nigeria Sovereign Investment Authority (NSIA) and GuarantCo. The company provides irrevocable and unconditional local currency (naira) guarantees that enhance the credit quality of debt instruments issued by infrastructure developers, Special Purpose Vehicles (SPVs), and public-private partnerships. By securing AAA national scale ratings from GCR, Fitch, Agusto & Co., and Intelligence Africa, InfraCredit effectively transforms infrastructure debt into investment-grade assets suitable for risk-averse domestic institutional investors, primarily pension funds and insurance companies. As of the latest disclosure, the company has mobilized approximately N324 billion in domestic institutional capital across 27 projects reaching financial close, with a current guarantee capacity of NGN742.77 billion and a capital base of $187 million.
The company's core products include the Financial Guarantee (its primary offering), the Contingent Refinancing Guarantee Product (for greenfield projects), and the Annuity PPP Guarantee Product (for revenue-generating PPPs). In addition, InfraCredit operates the Climate Finance Blending Facility (CFBF), capitalized with USD 21.3 million from FCDO and BII to co-finance off-grid clean energy projects. Revenue is generated through transaction-based guarantee fees on guaranteed debt instruments, with pricing negotiated per transaction based on project risk profile, tenor, and amount. InfraCredit applies a zero-loss underwriting policy and operates a B2B enterprise sales motion targeting large infrastructure project sponsors, channeling capital from Nigerian pension funds and DFI partners. In April 2025, the company transitioned to a public company via listing on the NASD OTC exchange, and by November 2025 Nigerian pension fund administrators held over 27% of equity, reflecting an ownership shift toward domestic institutional control. The company is headquartered in Lagos with 1-10 employees and targets sectors including power generation, renewable energy, transportation, telecommunications, gas processing, and social infrastructure.
InfraCredit firmographics
Firmographics- Name
- InfraCredit
- Legal name
- Infrastructure Credit Guarantee Company Plc
- Website
- https://infracredit.ng
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- InfraCredit is Nigeria's first AAA-rated infrastructure credit guarantee institution, providing irrevocable local currency guarantees that channel long-term domestic pension fund capital into infrastructure debt across power, transportation, renewable energy, and social infrastructure sectors.
- Ownership category
- akta.pro rank
InfraCredit industry classification
Industry- Product category
- Infrastructure Credit Guarantee
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Supranational, Sub-Sovereign & Agency (SSA) Bonds (FSACABAD)
Keywords
Where InfraCredit is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
InfraCredit business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Guarantee Fees: InfraCredit generates revenue through guarantee fees charged on the naira-denominated debt instruments it guarantees. The company provides irrevocable and unconditional guarantees that enhance credit quality, with fees typically based on the guaranteed amount and tenor of the infrastructure bonds or loans.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
InfraCredit product offering
Product offeringCore offering
InfraCredit issues local currency (naira) credit guarantees that enhance the credit quality of debt instruments raised by infrastructure project developers, Special Purpose Vehicles and PPPs in Nigeria. Its core Financial Guarantee is irrevocable and unconditional, enabling issuers to access long-tenor (up to 20 years) financing from domestic pension funds and institutional investors, supported by a zero-loss underwriting policy and AAA domestic ratings.
Product overview
InfraCredit operates as a credit enhancement institution providing local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria. The company's core product is its Financial Guarantee, which is supported by two specialized guarantee products: the Contingent Refinancing Guarantee Product for greenfield projects and the Annuity PPP Guarantee Product for revenue-generating public-private partnerships. Additionally, InfraCredit operates the Climate Finance Blending Facility (CFBF), a catalytic blended finance vehicle seeded with UK FCDO and BII funding to mobilize off-grid clean energy investments. Together, these offerings enable InfraCredit to unlock long-term local currency financing from domestic pension funds and institutional investors for critical infrastructure sectors including power, renewable energy, transportation, and social infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Climate Finance Blending Facility: A catalytic facility capitalized with USD21.3 million concessional funding by FCDO and BII to co-finance off-grid clean energy investments alongside InfraCredit's local currency guarantees.
Quantifiable outcome
- N324 billion total domestic capital mobilized from pension funds and institutional investors
- +4 more outcomes
Companies that use InfraCredit
Customer profileNamed customers13 records
Segments9 records
Ideal customer profiles2 records
InfraCredit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
InfraCredit partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and major.
- Alliance for Rural Electrification (AMDA)minorInfraCredit and AMDA partnered to strengthen market readiness and unlock long-term domestic private capital for DRE and mini-grid development.
- African Trade Insurance Agency (ATIDI)majorInfraCredit and ATIDI signed a Local Currency Counter-Guarantee Agreement for portfolio risk sharing of NGN37 billion. ATIDI had signed an MOU with InfraCredit in March 2022.
- USAIDmajorUSAID collaborated with InfraCredit to provide the first co-guarantee for a local currency infrastructure bond supporting GEL Utility Limited's power evacuation and expansion plans.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
InfraCredit competitors and assessment
Company assessmentBroad incumbents
- Africa Finance Corporation (AFC): Pan-African multilateral DFI providing project finance, principal investments, and partial credit guarantees across infrastructure. AFC is both an InfraCredit shareholder (11.45% ordinary stake after USD preference share redemption in Nov 2025) and a comparable infrastructure financier with overlapping client base.
- African Development Bank (AfDB): Continental DFI providing infrastructure loans, partial credit guarantees, and concessional capital across Africa. AfDB is both a major InfraCredit shareholder (via $10M + $15M subordinated facilities) and a peer through its partial credit guarantee and non-sovereign operations.
- International Finance Corporation (IFC): World Bank Group's private-sector arm providing loans, equity, and partial credit guarantees across emerging markets. IFC is the broadest global incumbent in credit enhancement for infrastructure, with overlapping product suite (PCGs, B-loans, mobilization) though much wider mandate.
- Asian Development Bank (ADB): Multilateral DFI offering credit enhancement and guarantee products for infrastructure finance across Asia-Pacific. ADB's credit enhancement and guarantee facilities (e.g., CREATE, CGIF) operate in adjacent frontier markets with comparable infrastructure mandate and credit-rating-upgrade value proposition.
- Inter-American Development Bank (IDB Invest): Private-sector arm of the IDB Group providing loans, equity, and partial credit guarantees for infrastructure in Latin America and the Caribbean. IDB Invest offers comparable credit-enhancement products and serves as a structural peer for emerging-market infrastructure guarantee institutions.
Regional players
- Shelter Afrique: Pan-African housing finance and credit enhancement institution providing guarantees and project finance for affordable housing across Africa. Shelter Afrique operates a parallel credit-enhancement model for the housing/real-estate infrastructure segment, comparable in structural design though narrower in sector focus.
Direct peers
- GuarantCo: PIDG-managed credit guarantee facility providing local currency guarantees for infrastructure finance across emerging markets. GuarantCo is InfraCredit's closest direct peer — same credit-enhancement business model, same target issuers (infrastructure SPVs), and historically a strategic partner of InfraCredit.
- MIGA (Multilateral Investment Guarantee Agency): World Bank Group member that provides political risk insurance and credit enhancement guarantees to investors and lenders in emerging markets. MIGA is the global benchmark for sovereign-backed guarantee issuance to infrastructure projects, comparable in function though broader in scope than InfraCredit.
- African Trade Insurance Agency (ATIDI): Pan-African multilateral political risk and credit insurance agency providing guarantees against trade and investment risks. ATIDI has executed a portfolio risk-sharing agreement with InfraCredit and offers comparable credit-enhancement products for African infrastructure and corporate deals.
Others
- InfraCo Africa: PIDG-owned project development company that finances and develops early-stage infrastructure in sub-Saharan Africa. InfraCo Africa is a sister entity under the same PIDG umbrella, focused on development capital rather than guarantees, and previously held a $27M equity stake in InfraCredit.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
InfraCredit social profiles
Digital presenceInfraCredit compliance and trust
Trust signalCompliance5 records
InfraCredit financial estimates
Financial estimateRevenue estimate
Valuation estimate
InfraCredit leadership team
Management profileNumber of profiles
Profiles7 records
InfraCredit funding detail
Funding detailFunding overview
Funding rounds8 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InfraCredit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InfraCredit
What does InfraCredit do?
InfraCredit issues local currency (naira) credit guarantees that enhance the credit quality of debt instruments raised by infrastructure project developers, Special Purpose Vehicles and PPPs in Nigeria. Its core Financial Guarantee is irrevocable and unconditional, enabling issuers to access long-tenor (up to 20 years) financing from domestic pension funds and institutional investors, supported by a zero-loss underwriting policy and AAA domestic ratings.
Is InfraCredit a public or private company?
InfraCredit is a public company. It is classified as public and is currently operating.
When was InfraCredit founded?
InfraCredit was founded in 2017. It employs 1 to 10 people.
Where is InfraCredit based?
InfraCredit is headquartered in Lagos, Nigeria, in the Africa region.
How does InfraCredit make money?
One revenue line is on record: guarantee Fees.
Who are InfraCredit's main competitors?
Broad incumbents on record are Africa Finance Corporation (AFC), African Development Bank (AfDB), International Finance Corporation (IFC), Asian Development Bank (ADB) and Inter-American Development Bank (IDB Invest). Shelter Afrique is listed as a regional player. Direct peers are GuarantCo, MIGA (Multilateral Investment Guarantee Agency) and African Trade Insurance Agency (ATIDI). InfraCo Africa is listed as an others.
Does InfraCredit have an API?
No public API is recorded for InfraCredit.
What industry is InfraCredit in?
InfraCredit's product category is Infrastructure Credit Guarantee. Its primary akta.pro industry code is FSACABAD, Supranational, Sub-Sovereign & Agency (SSA) Bonds. Its NAICS code is 522 and its SIC code is 6159.