Africa Finance Corporation’s asset management arm has rolled out a new fund aimed at drawing Nigerian institutional money into climate-resilient infrastructure projects.
The Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) is structured as a closed-end vehicle registered with the Securities and Exchange Commission. It will pool capital from pension funds, insurers and asset managers for investment in commercially viable infrastructure across Nigeria and the wider continent.
The fund forms part of a larger $750 million initiative designed to embed climate considerations across every stage of infrastructure development. AFC’s President and CEO, Samaila Zubairu, noted that the continent already holds over $4 trillion in domestic resources, much of which remains in low-yield short-term instruments instead of productive sectors like infrastructure.
Ayaan Adam, CEO of AFC Capital Partners, said the new fund offers Nigerian institutional investors a clear route to high-quality climate-resilient assets while combining local capital with AFC’s infrastructure expertise and blended finance support.
