Leadway Assurance Company Limited has made an equity investment of $5 million InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, thus becoming the first private institutional investor member of the shareholder group in InfraCredit.
Speaking on the investment, Chief Executive Officer , Leadway Assurance, Mr. Tunde Hassan-Odukale said, “InfraCredit is bridging a significant infrastructure gap in Nigeria through the mobilisation of private capital. Through the realisation of the critical role an enabling infrastructure plays in the development of the social-economic conditions in our country, we see a strong alignment in Leadway and InfraCredit’s mission of supporting our clients in building a more resilient Nigeria.
In welcoming Leadway as a new shareholder of InfraCredit, Chairman, Board of Directors and MD/CEO of the Nigeria Sovereign Investment Authority, Mr.Uche Orji, said: “This investment aligns with our vision of creating an effective public-private-partnership, relevant for crowding-in private sector capital towards infrastructure financing in a sustainable way.
According to the company, as the economy recovers from the challenges occasioned by the COVID-19 pandemic, it would continue to deploy innovative credit enhancement solutions in mobilizing private sector financing for infrastructure projects in key sectors of the economy.
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