In a strategic move to address Nigeria’s infrastructure financing gap, First Asset Management, one of Nigeria’s leading investment managers and a subsidiary of First HoldCo Plc., has officially launched the N20 billion Series 1 Offer under its N100bn FBN Infrastructure Fund Programme.
This groundbreaking initiative reflects the firm’s dedication to support critical infrastructure development through long-term investment strategies tailored to Nigeria’s unique needs.
The Fund is designed to provide sustainable capital for large-scale projects across key sectors, including renewable energy, power, recycling, waste management, and water resource development.
These sectors are critical to economic transformation, environmental sustainability, and fostering social impact.
The launch marks a significant milestone in First Asset Management’s mission to enhance Nigeria’s capital markets by offering investors robust alternative investment opportunities.
Mr. Ike Onyia, managing director of First Asset Management, emphasized that the infrastructure fund underscores the company’s strategic focus on contributing to national development through innovative financial instruments.
“This launch represents a bold step forward in actualising our promise to support transformative projects that unlock economic potential, empower communities, and align with the global drive towards sustainable finance,” he stated.
Mr. Onyia further affirmed that the Fund would facilitate private and public sector collaboration on capital-intensive projects that will create jobs, enhance social welfare, and improve Nigeria’s environmental outlook through a strong focus on ESG (Environmental, Social and Governance) principles.
The Series 1 Issuance offers a tenor of ten years and a minimum investment of N10,000,000.00, targeting qualified investors seeking long-term returns.
The Fund is structured to provide stable income derived from infrastructure projects domiciled in Nigeria, with investments denominated in Naira.
It is tailored to attract pension funds, development finance institutions, institutional and professional investors, as well as high-net-worth individuals who are eager to contribute to infrastructure growth while achieving substantial financial returns.
In addition to offering a strong financial proposition, the Fund aims to directly support Nigeria’s development priorities by financing projects that create employment, enhance productivity, mitigates pollution, and improve the quality of life across communities.
By adopting a sustainable and impact-driven approach to investing, First Asset Management is setting the tone for a new era of development aimed at capital mobilisation in Nigeria.
First Asset Management Limited reaffirms its position as a catalyst for progress in the Nigerian financial ecosystem.
Through initiatives like the FBN Infrastructure Fund, the firm remains dedicated in its commitment to delivering innovative solutions, building investor confidence, and contributing to the nation’s enduring growth trajectory.
