The Nigeria Infrastructure Debt Fund (NIDF), has opened its Series 12 Offer, seeking to raise up to ₦45 billion through the sale of 396,330,396,330,000 units priced at ₦100 each and issued at ₦ 113.54 per unit. 54 per unit.
The offer, which opened on 23 September 2026, is being raised under the Fund’s ₦200 billion issuance programme.
The NIDF is the first listed infrastructure debt fund on the Nigerian Exchange Limited (NGX).
The Series 12 Offer is the fund’s twelfth capital raise since its inception in 2017, and its fourth since listing on the NGX.
Notably, the offer price of ₦ 113. 54 represents a substantial 23. 13% discount to NIDF’ s NGX closing price of ₦ 147. 70 as of 22 September 2026 a gap that may appeal to investors looking to enter at a value below the fund’s current market trading level.
Since inception, NIDF says it has delivered 37 distributions to investors, totalling more than ₦100 billion, underscoring what the fund describes as a consistent track record of returns.
Over the past decade, NIDF has channelled financing into infrastructure projects across Nigeria with an aggregate value of roughly $625 million, contributing, according to the fund, to the broader development of the country’s infrastructure debt market and the emergence of similar funds.
The company says it maintains a diversified portfolio spanning multiple infrastructure subsectors and continues to evaluate a pipeline of opportunities that meet its investment criteria, with a focus on deploying capital into projects supporting long- term infrastructure development while generating sustainable returns for investors.
In a statement announcing the offer, Aramide Oyeneyin, Chapel Hill Denham Management Limited as fund manager, described the Series 12 Offer as “the next stage of NIDF’ s growth,” offering investors a chance to participate in the fund’s expansion and benefit from its regular distribution history.
Administrator and Writer
