First Local Currency Infrastructure Investment Trust Fund Listed on NGX

The Nigeria Infrastructure Debt Fund (NIDF) has been successfully listed on the Nigerian Exchange Limited (NGX).

The listing ceremony, which unfolded on Thursday, October 5th, featured a Closing Gong Ceremony and a presentation titled “Facts Behind the Listing,” engaging key market stakeholders.

Managed by Chapel Hill Denham, the NIDF, boasting a substantial N200 billion in assets and supported by major institutional investors, including the Nigeria Sovereign Investment Authority (NSIA), has played a pivotal role in providing long-term financing in Naira for critical private infrastructure ventures.

Impressively, since its inception, the fund has yielded a remarkable 155% return on investment.

The NIDF has officially listed 853,817,692 units on the Main Board of NGX, with an initial share price of N8.39 per unit.

Investors can anticipate quarterly dividends, fueled by profits generated from strategic investments in sectors such as power, transportation, healthcare, and education.

Temi Popoola, CEO of NGX, praised Chapel Hill Denham for its consistent contributions to the capital market’s growth, emphasizing their pivotal role in innovations like the MTN public offer.

Popoola underlined the significance of the NIDF in addressing infrastructure financing challenges and promoting Nigeria as an attractive investment destination.

Bolaji Balogun, CEO of Chapel Hill Denham, expressed his belief in the fund’s potential to boost Nigeria’s economy, highlighting its diversified investment portfolio across multiple sectors.

He stressed the vital need for consistent infrastructure investments to foster growth.

Anshul Rai, CEO of NIDF, applauded the fund’s remarkable track record and absence of non-performing loans. Phill Southwell, chairman of NIDF, celebrated the listing as a step towards attracting retail investors and underscored the fund’s commitment to environmental, social, and governance (ESG) principles.

This momentous achievement signifies Nigeria’s dedication to infrastructure development and underscores the potential for further growth in the local investment landscape.