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 authorised 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 to originate GCF funding proposals in partnership with home undertaking 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 tasks by way of Nigeria’s debt capital market. This work has developed past credit score ensures to include complementary financing approaches, together with undertaking preparation, concessional capital, development bridge finance and risk-sharing preparations with improvement companions, to handle funding obstacles and increase the vary of infrastructure tasks that may entry long-term financing.
Through the Climate Finance Blending Facility (CFBF), established with first-loss capital from the UK Government, channelled by way of 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 undertaking dangers and the mismatch between long-term infrastructure wants and out there financing can impede the deployment of local weather options. Blending appropriately structured worldwide local weather finance with naira-denominated personal capital can enhance undertaking bankability whereas lowering reliance on foreign-currency borrowing for tasks 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 atmosphere; power era and entry; transport; and buildings, cities, industries and home equipment. This breadth displays the potential to use InfraCredit’s financing strategy past renewable power era to the broader infrastructure methods and important companies that underpin local weather resilience and sustainable financial exercise.
Potential areas for future programme improvement embody distributed renewable power and productive-use functions, energy-efficient and climate-resilient buildings, sustainable transport, and infrastructure that strengthens the resilience of important companies.
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 tasks 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 methods. It offers 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.
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 brand 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 expertise combining credit score enhancement with concessional finance to handle obstacles to funding. Through platforms such as the Climate Finance Blending Facility, we’re already making use of this strategy to increase clear power entry and mobilise home institutional funding.
Accreditation additional expands our entry to worldwide local weather finance, creating alternatives to scale this financing mannequin and mobilise further home capital for low-emission and climate-resilient infrastructure.”
