Unlocking Nigeria’s Infrastructure Future: AFC & NGX Launch Power-Packed Capacity Programme
Africa Finance Corporation (AFC) and the Nigerian Exchange (NGX) have joined forces to tackle one of Nigeria’s biggest challenges — the massive infrastructure funding gap — by strengthening the technical skills of key industry players.
Their newly concluded two-day capacity-building programme in Lagos is designed to deepen expertise in structuring, financing, and delivering large-scale infrastructure projects using the Nigerian capital market as a major funding channel.
Why This Matters
Nigeria’s infrastructure stock is only 30% of GDP, far below the global benchmark of 70%. Experts warn this gap could balloon into a $2.3 trillion deficit by 2043, requiring over $100 billion annually to close.
Strengthening local technical capacity is now critical to mobilising the long-term capital needed for roads, power, transport systems, housing, digital infrastructure, and more.
️ What the Programme Focused On
The workshop brought together:
• Regulators
• Institutional investors
• Financial institutions
• Project sponsors
Participants received hands-on training in:
• Project structuring
• Risk allocation
• Credit enhancement
• Bringing infrastructure assets to market
• Innovative financing tools such as green bonds, infrastructure REITs, blended finance, and partial risk guarantees
These tools are essential for attracting both domestic and international long-term capital.
Key Insights from AFC & NGX
Banji Fehintola, Executive Board Member at AFC, emphasized that solving Africa’s funding gap requires more than financing — it requires deep local expertise and strong market structures. He highlighted that Nigeria’s capital market must play a pivotal role in driving long-term development.
Jude Chiemeka, CEO of NGX, noted that as capital markets take centre stage in financing Africa, building technical knowledge across the market is crucial. Through NGX X-Academy, stakeholders are being equipped to structure and manage infrastructure assets that meet both local needs and global standards.
What’s Next?
The success of this programme marks a major step in the growing AFC–NGX collaboration. Both institutions plan to roll out more initiatives aimed at turning these insights into real, bankable infrastructure projects.
The goal:
Unlock sustainable financing for the roads, bridges, power systems, and critical infrastructure Nigeria urgently needs.
Africa Finance Corporation (AFC) and the Nigerian Exchange (NGX) have joined forces to tackle one of Nigeria’s biggest challenges — the massive infrastructure funding gap — by strengthening the technical skills of key industry players.
Their newly concluded two-day capacity-building programme in Lagos is designed to deepen expertise in structuring, financing, and delivering large-scale infrastructure projects using the Nigerian capital market as a major funding channel.
Why This Matters
Nigeria’s infrastructure stock is only 30% of GDP, far below the global benchmark of 70%. Experts warn this gap could balloon into a $2.3 trillion deficit by 2043, requiring over $100 billion annually to close.
Strengthening local technical capacity is now critical to mobilising the long-term capital needed for roads, power, transport systems, housing, digital infrastructure, and more.
️ What the Programme Focused On
The workshop brought together:
• Regulators
• Institutional investors
• Financial institutions
• Project sponsors
Participants received hands-on training in:
• Project structuring
• Risk allocation
• Credit enhancement
• Bringing infrastructure assets to market
• Innovative financing tools such as green bonds, infrastructure REITs, blended finance, and partial risk guarantees
These tools are essential for attracting both domestic and international long-term capital.
Key Insights from AFC & NGX
Banji Fehintola, Executive Board Member at AFC, emphasized that solving Africa’s funding gap requires more than financing — it requires deep local expertise and strong market structures. He highlighted that Nigeria’s capital market must play a pivotal role in driving long-term development.
Jude Chiemeka, CEO of NGX, noted that as capital markets take centre stage in financing Africa, building technical knowledge across the market is crucial. Through NGX X-Academy, stakeholders are being equipped to structure and manage infrastructure assets that meet both local needs and global standards.
What’s Next?
The success of this programme marks a major step in the growing AFC–NGX collaboration. Both institutions plan to roll out more initiatives aimed at turning these insights into real, bankable infrastructure projects.
The goal:
Unlock sustainable financing for the roads, bridges, power systems, and critical infrastructure Nigeria urgently needs.