First Asset Management has launched its N100 billion FBN Infrastructure Fund Programme to tackle Nigeria’s infrastructure financing gap. The first phase, a N20 billion Series 1 Offer, is now open.
This initiative underscores First Asset Management’s commitment to fostering critical infrastructure development through long-term investments in Nigeria. The fund will provide sustainable capital for large-scale projects in key sectors such as renewable energy, power, recycling, waste management, and water resource development. These sectors are vital for economic transformation, environmental sustainability, and social impact.
Mr. Ike Onyia, Managing Director of First Asset Management, stated that the fund aligns with the company’s strategic focus on national development through innovative financial instruments. He emphasized that the fund will facilitate private and public sector collaboration on capital-intensive projects, leading to job creation, enhanced social welfare, and improved environmental outlook through a strong focus on ESG (Environmental, Social, and Governance) principles.
The Series 1 Issuance has a ten-year tenor and a minimum investment of N10,000,000.00. It targets qualified investors seeking long-term returns, including pension funds, development finance institutions, institutional and professional investors, and high-net-worth individuals. The fund is structured to provide stable income from Nigerian infrastructure projects, with investments denominated in Naira.
Beyond financial returns, the fund aims to directly support Nigeria’s development priorities by financing projects that create employment, enhance productivity, mitigate pollution, and improve the quality of life across communities. First Asset Management is setting a new standard for development and capital mobilization in Nigeria through this sustainable and impact-driven investment approach.
To access this fund, kindly reach out to: infrafund@first-assetmanagement.com