UCIF Advocates Naira Funding to Bridge Nigeria's Infrastructure Gap

The UCIF (Unit Capital Infrastructure Fund) has highlighted the critical role of long-term naira-denominated funding in bridging Nigeria's infrastructure gap, which is estimated to require around $100 billion annually. Peter Ashad, Group Chief Executive Officer of Unit Capital Plc, stated that mobilizing long-term capital is essential for Nigeria's infrastructure development.

The fund aims to deliver a gross return of 24.62% by 2025, with a total income of 3.06 billion naira, reflecting strong investor demand. Uchenna Mkparu, Chief Investment Officer of UCIF, noted that the fund's performance has outperformed comparable market instruments, driven by a diversified infrastructure loan portfolio.

The fund is committed to financing sustainable projects that reduce carbon emissions and promote reliable energy access, while maintaining a zero non-performing loan portfolio. The focus remains on delivering competitive returns to investors and supporting Nigeria's economic growth through infrastructure development.