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Western Africa

UK Supports Green Infrastructure In Nigeria

The backstop facility is intended to unlock local currency funding.

August 3, 2023

By Liz Bains
The UK government-backed FSD Africa Investments (FSDAi), in partnership with Lagos-based InfraCredit, has invested £10 million (US$12.7 million) into a risk-sharing backstop facility (RSBF), designed to unlock local currency funding for sustainable infrastructure development in Nigeria. The facility will mobilise local institutional investment via bonds into viable early-stage or greenfield climate-aligned

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