First Asset Management Unveils N20 Billion Series 1 Infrastructure Fund to Drive Sustainable Development Across Key Sectors

In a bold effort to bridge Nigeria’s infrastructure financing deficit, First Asset Management, a leading Nigerian investment firm and subsidiary of First HoldCo Plc., has launched the N20 billion Series 1 Offer under its ambitious N100 billion FBN Infrastructure Fund Programme. This milestone reflects the firm’s commitment to catalysing economic growth through sustainable, long-term investments tailored to the country’s infrastructure needs.

The Fund is structured to channel capital into high-impact sectors such as renewable energy, power, recycling, waste management, and water resource development—areas seen as crucial to driving inclusive economic transformation, environmental stewardship, and meaningful social change. The launch underscores First Asset Management’s broader goal of deepening Nigeria’s capital markets while providing investors with attractive alternative investment avenues.

Mr. Ike Onyia, Managing Director of First Asset Management, emphasized that the infrastructure fund underscores the company's strategic focus on contributing to national development through innovative financial instruments. “This launch represents a bold step forward in actualising our promise to support transformative projects that unlock economic potential, empower communities, and align with the global drive towards sustainable finance,” he stated. Mr. Onyia further affirmed that the Fund would facilitate private and public sector collaboration on capital-intensive projects that will create jobs, enhance social welfare, and improve Nigeria’s environmental outlook through a strong focus on ESG (Environmental, Social and Governance) principles.

The Series 1 issuance offers a 10-year tenor and requires a minimum investment of N10,000,000.00, targeting qualified investors interested in long-term, stable returns. With investments denominated in Naira and tied to infrastructure projects within Nigeria, the Fund is positioned to attract a wide range of stakeholders—including pension funds, development finance institutions, institutional and professional investors, and high-net-worth individuals—eager to fuel infrastructure development while earning competitive returns.

Beyond its financial promise, the Fund is aligned with Nigeria’s development agenda, seeking to finance projects that generate employment, boost productivity, reduce environmental harm, and enhance living standards in communities nationwide. First Asset Management’s impact-oriented strategy signals a shift in how capital is mobilised for development, placing sustainability and measurable outcomes at the forefront.

Through the FBN Infrastructure Fund and similar initiatives, First Asset Management Limited reinforces its role as a key enabler of progress in Nigeria’s financial ecosystem. The firm remains steadfast in its mission to offer innovative investment solutions, strengthen investor confidence, and support the country’s long-term growth trajectory.