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.
To access this fund, kindly
reach out to: infrafund@first-assetmanagement.com or Call - 02018886722
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