The Accreditation opens a direct path to GCF local weather finance for eligible infrastructure investments and builds on InfraCredit’s work to mobilise long-term local-currency capital for sustainable infrastructure initiatives.
Infrastructure Credit Guarantee Company Plc (“InfraCredit”), Nigeria’s ‘AAA’-rated specialised infrastructure credit score assure establishment, has introduced that the Board of the Green Climate Fund (“GCF” or “the Fund”) has accepted its accreditation as a Direct Access Entity on the Fund’s forty sixth Board Meeting (B.46), held on 28 October 2026. The accreditation creates a direct pathway for InfraCredit to develop and submit local weather finance proposals to the GCF, constructing on its established function in mobilising long-term local-currency capital for low-emission and climate-resilient infrastructure investments.
As a Nigerian Direct Access Entity, InfraCredit will be capable of originate GCF funding proposals in partnership with home challenge sponsors, monetary establishments and different stakeholders, serving to to strengthen nation possession and translate Nigeria’s local weather and improvement priorities into investable infrastructure programmes.
InfraCredit has facilitated over ₦650 billion (US$500million) in assured debt, enabling home institutional buyers to finance infrastructure initiatives by means of Nigeria’s debt capital market. This work has developed past credit score ensures to include complementary financing approaches, together with challenge preparation, concessional capital, building bridge finance and risk-sharing preparations with improvement companions, to handle funding boundaries and develop the vary of infrastructure initiatives that may entry long-term financing.
Through the Climate Finance Blending Facility (CFBF), established with first-loss capital from the UK Government, channelled through the Foreign, Commonwealth & Development Office (FCDO) and British International Investment (BII), InfraCredit combines concessional finance with credit score enhancement to mobilise home funding in distributed renewable power. GCF accreditation creates an extra avenue to construct on this expertise, connecting worldwide local weather finance with InfraCredit’s current financing platform and eligible pipeline.
This mannequin is especially related in Nigeria, the place financing constraints, perceived challenge dangers and the mismatch between long-term infrastructure wants and accessible financing can impede the deployment of local weather options. Blending appropriately structured worldwide local weather finance with naira-denominated personal capital can enhance challenge bankability whereas lowering reliance on foreign-currency borrowing for initiatives with local-currency revenues.
The accreditation covers six thematic areas of local weather affect: well being, meals and water safety; livelihoods of individuals and communities; infrastructure and the constructed setting; power technology and entry; transport; and buildings, cities, industries and home equipment. This breadth displays the potential to use InfraCredit’s financing strategy past renewable power technology to the broader infrastructure programs and important providers that underpin local weather resilience and sustainable financial exercise.
Potential areas for future programme improvement embrace distributed renewable power and productive-use purposes, energy-efficient and climate-resilient buildings, sustainable transport, and infrastructure that strengthens the resilience of important providers.
By combining credit score enhancement with applicable concessional and catalytic financing, InfraCredit goals to handle funding dangers and mobilise long-term home capital for eligible initiatives that contribute to local weather mitigation and adaptation. As a Direct Access Entity, InfraCredit can develop and submit funding proposals on to the GCF for consideration, with every proposal topic to the Fund’s relevant evaluation and approval processes.
The accreditation adopted the GCF’s evaluation of InfraCredit’s institutional capacities towards the Fund’s accreditation necessities, together with monetary administration, governance, environmental and social safeguards, integrity and gender-related programs. It gives a foundation for additional engagement with the Fund to develop financing proposals that align with local weather priorities and join worldwide local weather finance with home capital markets.
Statements
Achala Abeysinghe, Director of the Green Climate Fund’s Department of Investment Services, mentioned:
“We are happy to welcome the accreditation of Infrastructure Credit Guarantee Company Plc. This opens a new avenue in Africa to make use of credit score enhancement to unlock long-term funding in low-emission, climate-resilient infrastructure in Nigeria.
“The partnership reflects GCF’s commitment to using innovative financial solutions to reduce risk, mobilize private capital and expand the pipeline of bankable climate investments.”
Chinua Azubike, Chief Executive Officer of InfraCredit, mentioned:
“InfraCredit’s accreditation by the Green Climate Fund builds on our established work to mobilise long-term local-currency capital for infrastructure and our experience combining credit enhancement with concessional finance to address barriers to investment. Through platforms such as the Climate Finance Blending Facility, we are already applying this approach to expand clean energy access and mobilise domestic institutional investment. Accreditation further expands our access to international climate finance, creating opportunities to scale this financing model and mobilise additional domestic capital for low-emission and climate-resilient infrastructure.”
