First Asset Management Unveils N100bn Fund for Sustainable Infrastructure

The investment subsidiary of First HoldCo Plc., First Asset Management, has launched the N20 billion Series 1 Offer under its N100 billion FBN Infrastructure Fund Programme, In a move to address Nigeria’s infrastructure financing gap,

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 is in line with First Asset Management’s mission to enhance Nigeria’s capital markets by offering investors robust alternative investment opportunities.

Managing director of First Asset Management, Ike Onyia, emphasised 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.

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 10 years and a minimum investment of N10 million, 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 financial propositions, 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.