First Asset Management, a top-tier Nigerian investment manager and subsidiary of First HoldCo Plc, has officially unveiled its N20 billion Series 1 Offer—part of a broader N100 billion FBN Infrastructure Fund Programme aimed at transforming Nigeria’s infrastructure landscape.
The Series 1 Fund, which is structured for a 10-year tenor and targets qualified investors with a minimum subscription of N10 million, seeks to channel long-term capital into high-impact projects across renewable energy, waste management, water resources, power, and recycling. These sectors are considered vital for Nigeria’s economic transformation and environmental sustainability.
Speaking during the launch, Mr. Ike Onyia, Managing Director of First Asset Management, emphasized that the initiative is more than just an investment vehicle—it’s a strategic commitment to Nigeria’s development priorities. “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,” Onyia said.
The Fund is crafted to attract pension funds, development finance institutions, institutional investors, and high-net-worth individuals who are seeking long-term, stable returns while actively contributing to infrastructure growth. Investments under this fund are Naira-denominated and focused solely on projects domiciled in Nigeria.
A key feature of the FBN Infrastructure Fund is its strong Environmental, Social, and Governance (ESG) framework, making it attractive to forward-thinking investors who prioritize impact-driven investments. Projects financed through the Fund are expected to generate employment, boost productivity, combat pollution, and enhance overall quality of life in communities.
Onyia noted that through private-public sector collaboration, the Fund aims to tackle Nigeria’s infrastructure deficit and foster inclusive growth. “We’re not just building roads or power lines—we’re investing in Nigeria’s future,” he added.
With this bold step, First Asset Management is reaffirming its leadership in Nigeria’s financial ecosystem. The firm is not only offering an alternative investment path but also catalyzing a sustainable development model that addresses real societal needs.
For further inquiries or to participate in the fund, interested parties are advised to contact:minfrafund@first-assetmanagement.com or call 02018886722.