InfraCredit, SEC Partner To Boost Capital Market Innovation

In a significant move towards fostering infrastructure development through capital market innovation, InfraCredit’s leadership team, headed by Chief Executive Officer (CEO), Mr. Chinua Azubike, met with the Executive Management of the Securities and Exchange Commission, Nigeria (SEC).

The strategic meeting underscored the shared vision of both entities to stimulate domestic credit flow from the capital markets to the private sector. This initiative aims to create jobs, reduce poverty, and bolster economic growth in Nigeria.

The discussions covered a range of topics including new product-driven origination initiatives, fostering micro, small and medium enterprises (MSMEs) growth via the capital market, and transaction structures involving project finance bonds for infrastructure development, supported by credit-enhanced structures.

The high-profile meeting, recently held at the SEC office in Abuja, included InfraCredit’s Chief Operating Officer, Mr. Daniel Mueller, and Client Coverage and Strategy Lead, Adesola Abiodun, alongside Director-General (DG) of SEC, Dr. Emomotimi Agama, and key members of his executive team.

InfraCredit, committed to unlocking long-term infrastructure financing in Nigeria, leverages local currency guarantees to enhance the issuance of corporate infrastructure debt instruments. This approach serves as a catalyst in deepening the domestic debt capital markets for infrastructure finance in Nigeria.

Joining Dr. Agama were Executive Commissioner of Legal and Enforcement, Mrs. Frana Chukwuogor; Executive Commissioner of Operations, Mr. Bola Ajomale (FCA, FCS, M.IoD); and Executive Commissioner of Corporate Services, Mrs. Samiya Hassan Usman. Other notable attendees included the Director of the Office of the Director-General, Mr. Tunde Kamali, and the Head of Securities Market Surveillance, Mr. Mahmud Muhtar.

Mr. Azubike expressed enthusiasm about the collaboration, stating, “We are excited to advance our partnership with SEC under its new leadership. Our goal is to collaborate with necessary stakeholders to deepen private sector-led infrastructure development across multiple sectors in Nigeria.”

The meeting also highlighted the launch of an infrastructure knowledge exchange program aimed at promoting innovative financial solutions for infrastructure projects. This initiative is expected to significantly impact the growth of SMEs and the broader economic landscape by providing sustainable financial models and fostering an environment conducive to private sector investment in infrastructure.

InfraCredit’s commitment to enhancing infrastructure financing aligns seamlessly with the SEC’s vision of driving market development and innovation. As Nigeria seeks to build resilient infrastructure to support its growing economy, the collaboration between InfraCredit and SEC represents a pivotal step towards realising this ambition.