PILC and FSD Africa sign deal for $750m pension infrastructure fund

Nigeria's Pension Industry Leadership Council (PILC) and UK-funded development agency FSD Africa signed an agreement to develop a proposed $750 million infrastructure investment fund, according to New Telegraph. The fund aims to mobilise domestic pension assets for projects in energy, transportation and digital infrastructure across Nigeria and selected African markets, The Whistler reported. Business Post noted that 19 Nigerian pension funds have already expressed interest in the platform. The Whistler added that the initiative targets a first close of $350 million in 2027.

What we know

• PILC and FSD Africa signed an agreement to develop a $750 million infrastructure fund.
• The fund targets energy, transportation and digital infrastructure sectors.
• 19 Nigerian pension funds have expressed interest in the platform.
• The Whistler reported a target of $350 million for the first close in 2027.

Why it matters: The Whistler reported the fund targets a first close of $350 million in 2027.

Sources

1. FSD Africa, PILC partner to launch $750 million Nigerian pension infrastructure fund – Nairametrics, 23 h ago
2. Nigeria Targets $750m Pension Fund, Eyes $350m First Close In 2027 – The Whistler, 23 h ago
3. PILC, FSD Africa Sign Deal To Develop $750m Infrastructure Fund – New Telegraph, 22 h ago
4. 19 Nigerian pension funds express interest in proposed $750m infrastructure fund – Nigerian Tribune, 22 h ago
5. Nigerian Pension Counil, FSD Africa Partner to Establish $750m Infrastructure Fund – Business Post, 20 h ago
6. Pension Industry: UK, Nigeria seal deal on $750m infrastructure fund – The Eagle Online, 20 h ago
7. UK backs Nigeria’s proposed $750m pension infrastructure fund – Punch, 18 h ago
8. FSD Africa backs push for $750m pension-backed infrastructure fund – BusinessDay, 2 h ago
9. UK Backs Nigeria’s Proposed $750m Infrastructure Fund – Leadership, 41 min ago

Updates

• 11 Nov, 12:18 WAT – Now also reported by Leadership
• 11 Nov, 10:18 WAT – Summary updated with new reporting
• 11 Nov, 10:17 WAT – Now also reported by BusinessDay
• 10 Nov, 19:57 WAT – No longer developing - story consolidated
• 10 Nov, 17:58 WAT – Now also reported by Punch
• 10 Nov, 16:55 WAT – Summary updated with new reporting
• 10 Nov, 16:54 WAT – Now also reported by Business Post, The Eagle Online
• 10 Nov, 15:14 WAT – Now also reported by Nigerian Tribune
• 10 Nov, 13:54 WAT – Story published - 3 outlets

This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.

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