First Asset Management, a leading investment manager and subsidiary of First HoldCo Plc., launches the N20 billion Series 1 Offer under its N100bn FBN Infrastructure Fund Programme, directly addressing Nigeria’s infrastructure financing gap.
This groundbreaking initiative underscores the firm’s commitment to supporting critical infrastructure development through tailored long-term investment strategies.
First Asset designs the Fund to drive economic growth, create jobs, and improve lives through sustainable capital for large-scale projects in renewable energy, power, recycling, waste management, and water resource development.
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The launch marks a significant milestone in First Asset Management’s mission to enhance Nigeria’s capital markets by offering investors robust alternative investment opportunities.
Mr. Ike Onyia, Managing Director of First Asset Management, says the launch boldly actualises First Asset’s promise to drive economic potential, empower communities, and advance sustainable finance through transformative projects.
First Asset launches the Series 1 Issuance, targeting qualified investors with a 10-year tenor, N10 million minimum investment, and stable Naira-denominated returns from Nigerian infrastructure projects.
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By adopting a sustainable and impact-driven approach, the organization mobilizes capital for Nigeria’s development, financing projects that drive job creation, productivity, pollution reduction, and improved quality of life.
Through initiatives like the FBN Infrastructure Fund, First Asset Management cements its role as a catalyst for progress in Nigeria’s financial ecosystem, driving innovation, investor confidence, and sustainable growth, ultimately making a lasting impact on the nation’s economic landscape.
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