First Asset Management unveils N100bn infrastructure fund

First Asset Management, a subsidiary of First HoldCo Plc, has launched a N100 billion Infrastructure Fund to bridge Nigeria’s infrastructure financing gap and drive sustainable development across key sectors. The investment firm officially opened the N20 billion Series 1 Offer under the programme, targeting long-term projects in renewable energy, power, recycling, waste management, and water […]

First Asset Management, a subsidiary of First HoldCo Plc, has launched a N100 billion Infrastructure Fund to bridge Nigeria’s infrastructure financing gap and drive sustainable development across key sectors.

The investment firm officially opened the N20 billion Series 1 Offer under the programme, targeting long-term projects in renewable energy, power, recycling, waste management, and water resource development.

According to the company, the fund is structured to provide sustainable capital for large-scale infrastructure while offering investors alternative asset opportunities in Nigeria’s capital markets.

The Series 1 issuance has a 10-year tenor and requires a minimum investment of N10 million, aimed at qualified investors such as pension funds, development finance institutions, and high-net-worth individuals.

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Speaking at the launch, Managing Director of First Asset Management, Mr. Ike Onyia, said the fund represents a strategic shift in infrastructure financing by enabling private sector participation in critical development areas.

“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,” Onyia said.

He added that the fund will support job creation, enhance social welfare, and improve environmental sustainability by adhering to ESG (Environmental, Social, and Governance) principles.

The FBN Infrastructure Fund is expected to finance projects that contribute to Nigeria’s development priorities by creating employment, improving the quality of life, and addressing pollution through sustainable practices.

With this move, First Asset Management says it aims to reinforce its role as a key player in Nigeria’s financial ecosystem, promoting long-term investment, investor confidence, and economic growth.