Western Africa
UK Supports Green Infrastructure In Nigeria
The backstop facility is intended to unlock local currency funding.
![](https://constructafrica.b-cdn.net/cdn/ff/eDL6VTJevdj9W7PIO6DQHBTgkXhnXxqHF3ch_DzJsFE/1708226403/public/styles/node_large_940x540/public/2023-08/dreamstime_m_46545007.jpg?itok=BAKkd9Db)
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
Want to continue?
Register to get access for free
By registering you get access to the newsfeed, events and blog for free