Nigeria's Pension Industry Partners with FSD Africa for $750M Fund

Nigeria's pension industry is working with FSD Africa to create a $750 million infrastructure fund aimed at financing critical infrastructure projects. Nineteen Nigerian pension funds have already expressed interest in this initiative.

The fund will focus on sectors such as energy, transport, and digital infrastructure, with the goal of mobilizing long-term domestic capital and attracting additional development finance to address Nigeria's infrastructure financing gap. An agreement was signed between FSD Africa and the Pension Industry Leadership Council (PILC) to develop this investment platform, which is expected to have an initial close of $350 million in 2027.

At full capacity, the fund aims to secure approximately $600 million in commitments from Nigerian pension funds and at least $150 million from development finance institutions. It is anticipated that at least 60 percent of the fund’s investments will be directed towards Nigeria, providing a significant source of long-term financing for infrastructure projects and opportunities for institutional investors.