First Asset Management launches N100 Billion Infrastructure Fund to provide sustainable capital for infrastructural development across sectors.

Lagos, Nigeria – May 2025 – In a strategic move to address Nigeria’s infrastructure financing gap, First
Asset Management, one of Nigeria’s leading investment managers and a subsidiary of First HoldCo Plc.,
has officially launched the N20 billion Series 1 Offer under its N100bn FBN Infrastructure Fund Programme.
This groundbreaking initiative reflects the firm’s dedication to support critical infrastructure development
through long-term investment strategies tailored to Nigeria’s unique needs.
The Fund is designed to provide sustainable capital for large-scale projects across key sectors, including
renewable energy, power, recycling, waste management, and water resource development. These sectors
are critical to economic transformation, environmental sustainability, and fostering social impact. 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, 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 tenor of ten years and a minimum investment of N10,000,000.00, targeting
qualified investors seeking long-term returns. The Fund is structured to provide stable income derived
from infrastructure projects domiciled in Nigeria, with investments denominated in Naira. It is tailored to
attract pension funds, development finance institutions, institutional and professional investors, as well
as high-net-worth individuals who are eager to contribute to infrastructure growth while achieving
substantial financial returns.
In addition to offering a strong financial proposition, the Fund aims to directly support Nigeria’s
development priorities by financing projects that create employment, enhance productivity, mitigates
pollution, and improve the quality of life across communities. By adopting a sustainable and impact-driven
approach to investing, First Asset Management is setting the tone for a new era of development aimed at
capital mobilisation in Nigeria.
First Asset Management Limited reaffirms its position as a catalyst for progress in the Nigerian financial
ecosystem. Through initiatives like the FBN Infrastructure Fund, the firm remains dedicated in its
commitment to delivering innovative solutions, building investor confidence, and contributing to the
nation’s enduring growth trajectory.
To access this fund, kindly reach out to: infrafund@first-assetmanagement.com or Call – 02018886722