Nigeria's pension funds to mobilise $750m infrastructure investment
UK-backed initiative sees 19 pension funds commit to joint platform targeting energy, transport and digital projects across Nigeria.
Nigeria's pension industry is establishing a $750 million infrastructure investment platform in partnership with FSD Africa, a development finance agency funded by the United Kingdom. The Pension Industry Leadership Council signed an agreement formalizing the collaboration, which aims to channel retirement savings into critical infrastructure across the country.
Nineteen Nigerian pension funds have already indicated interest in participating in the platform. The initiative targets raising approximately $600 million from domestic pension funds, supplemented by at least $150 million from international development finance institutions.
This combined capital will finance projects in energy generation and distribution, transportation networks, and digital infrastructure. The platform, formally referred to as the Pension Industry Infrastructure Platform, is designed to address Nigeria's substantial infrastructure financing gap by unlocking long-term domestic capital.
According to announcements from the UK's Foreign, Commonwealth and Development Office, FSD Africa will provide technical and advisory support throughout the fund's development and implementation stages. Beyond Nigeria, the investment platform may also deploy capital to select African markets, broadening the scope of the initiative.
The agreement represents a formal step in converting retirement savings into productive infrastructure assets, a strategy intended to benefit both pension fund investors seeking returns and the broader economy requiring infrastructure investment.
