by Niyi Jacobs
FSD Africa Investments (FSDAi) has committed GBP 10 million to ARM-Harith’s Climate and Transition Infrastructure Fund (ACT Fund), aiming to unlock pension fund capital for Nigerian infrastructure.
This investment introduces a new facility that offers early liquidity for pension funds, addressing a long-standing barrier to infrastructure equity.
With 75% of the facility in local currency, the initiative mitigates foreign exchange risks and is expected to unlock an additional GBP 31 million in contributions, significantly enhancing pension fund participation.
The focus will be on climate-resilient infrastructure in sectors such as energy, transport, and water, while creating approximately 3,000 green jobs. ARM-Harith CEO Rachel Moré-Oshodi emphasized that this approach could transform how infrastructure is financed in Nigeria and across Africa.
