Nigeria: AFC Launches Infrastructure Climate-Resilient Fund Nigeria to Mobilise Domestic Institutional Capital

What the report says

AFC Capital Partners, the asset management arm of Africa Finance Corporation, has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) as a new vehicle to draw domestic institutional money into climate-resilient infrastructure. According to the AllAfrica-distributed report from This Day, the fund is registered with Nigeria’s Securities and Exchange Commission as a closed-end fund and is intended to attract capital from pension fund administrators, insurers, asset managers and other local institutional investors.

The platform is part of AFC’s broader $750 million Infrastructure Climate-Resilient Fund, which the company says is aimed at strengthening infrastructure across Africa by factoring climate risks into planning, design, construction and operations. The report says the new Nigeria-focused fund will support commercially viable, high-impact projects in Nigeria and potentially across the continent.

AFC President and CEO Samaila Zubairu said the continent has substantial domestic resources, including long-term pools such as pensions, insurance and sovereign wealth funds, but that much of this capital remains in short-term, low-risk instruments instead of productive sectors. ACP CEO Ayaan Adam said the fund offers Nigerian institutions a route into diversified climate-resilient infrastructure investments while linking local savings to long-term development financing.

More broadly, the launch reflects a growing effort in Africa to use domestic institutional capital and blended finance to close infrastructure gaps while responding to climate-related risks, especially in transport, energy, water and other essential systems.