The Infrastructure Bank Plc

The Infrastructure Bank Plc

Financial Services

Abuja, Abuja 2,284 followers

Financing development through infrastructure.

About us

The Infrastructure Bank PLC (formerly known as Urban Development Bank of Nigeria Plc) was established in 1992 under Decree 51, as Urban Development Bank Ltd. with the mandate to foster the rapid development of infrastructure across the country. The Bank is a private sector-led, but Government-sponsored Development Finance Institution (DFI), whose previous ownership structure comprises the three tiers of Government (Federal, State and Local Governments), the Nigeria Labour Congress, and the Private Sector block. In line with its establishing Act, the Bank has the mandate to raise and manage funds for infrastructure development projects in the country. Thus, the Bank provides custom-made financial solutions to projects in its focus sectors namely: Transportation, Power & Renewable Energy, Mass Housing and District Development, Urban Infrastructure and Municipal Finance projects. The Bank also lends its expertise to contribute to discourse on development strategy, with associated policy formulation and guidelines.

Website
http://www.tibplc.com/
Industry
Financial Services
Company size
51-200 employees
Headquarters
Abuja, Abuja
Type
Public Company
Founded
1992
Specialties
Development Finance

Locations

  • Primary

    Plot No. 977 Central Business Area, (Adjacent National Mosque)

    Abuja FCT P. M. B. 272, Garki

    Abuja, Abuja, NG

    Get directions
  • No. 52 Ahmadu Bello Way Legico Bus Stop

    Victoria Island

    Lagos, Lagos, NG

    Get directions

Employees at The Infrastructure Bank Plc

Updates

  • The Infrastructure Bank Plc reposted this

    View profile for Damian Attah, graphic

    Vice President - Project Finance & Advisory

    I had the distinct honor of representing our MD/CEO, Nkiru Chime, at the 23rd Edition of the Joint Planning Board (JPB)/National Council on Development Planning (NCDP) Meeting, hosted by the Federal Ministry of Budget & Economic Planning in collaboration with the Nasarawa State Government, themed "The State of the Nigerian Economy: Challenges, Options, and Opportunities," the event provided a critical platform to address the path forward for Nigeria’s economic development. On behalf of The Infrastructure Bank Plc, I had the privilege of presenting a lead paper titled: "Bridging Nigeria's Infrastructural Gap for Economic Growth & Development: Innovative Options for Financing Infrastructure Development." This session, chaired by Professor Musibau Babatunde, Hon. Commissioner for Budget & Economic Planning, Oyo State, explored groundbreaking strategies for infrastructure financing, including: 🔹 Public-Private Partnerships (PPP) 🔹 Blended Finance 🔹 Sustainable and Green Finance 🔹 Infrastructure Investment Funds 🔹 Infrastructure Debt Securitization 🔹 Sukuk Islamic Fund. The presentation also delved into the role of technology, such as Infrastructure as a Service (IaaS), Fintech Platforms, Crowdfunding, and Blockchain in reshaping infrastructure financing. Key takeaways: The government and private sector must collaborate on enhancing regulatory frameworks and de-risking projects. Building institutional capacity in risk management and contract negotiation is critical. State governments should establish State Integrated Infrastructure Masterplans (SIIMP) to ensure long-term, strategic infrastructure development. It’s exciting to be part of these conversations that will help drive Nigeria's economic future forward through innovation and collaboration! #The Infrastructure Bank Plc #InfrastructureDevelopment #EconomicGrowth #NigeriaEconomy #PPP #InnovativeFinance #GreenFinance #Fintech #Blockchain #EconomicPlanning #Leadership #Collaboration

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  • TIB Receives African Leadership Excellence Award for Infrastructure Financing! We are thrilled to share that on September 30, 2024, The Infrastructure Bank Plc received the African Leadership Excellence Award for Infrastructure Financing! This prestigious recognition, presented by The African Leadership Review Magazine, in collaboration with The Sustainable Africa and Business Times, is a true testament to our passion and dedication. We believe in the power of infrastructure as a driving force for sustainable growth, development, and measurable impact. A heartfelt thank you to our board, management, and every member of the TIB family for their continuous hard work. And, of course, our deepest gratitude goes out to our partners, stakeholders, and clients for their unwavering support and trust in our vision. Your trust allows us to make impactful investments that touch lives and drive progress across Nigeria. Together, we’re building today for a brighter and more prosperous tomorrow. And to AFRICAN LEADERSHIP EXCELLENCE AWARDS LIMITED, thank you for acknowledging our contributions in championing the development of sustainable and viable of infrastructure in Nigeria. This is just the beginning! At TIB, we’re more committed than ever to building Nigeria's future with integrity, vision, and ambition. #TIB #LeadershipExcellenceAward #InfrastructureFinancing #SustainableGrowth #AfricaLeads #Norrenberger

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  • The Infrastructure Bank Plc reposted this

    View profile for Nkiru Chime, graphic

    Ag. MD/CEO, The Infrastructure Bank

    I was honoured to join industry leaders, investors, and fellow financiers at the Enugu Electricity Regulatory Commission (EERC) stakeholder forum, where we collectively made valuable inputs to draft regulatory framework aimed at transforming Enugu State’s Electricity Market. The energy in the room was palpable as we delved into shaping a future where Enugu not only meets its power needs but also sets the pace for energy innovation in Nigeria. I must commend the visionary leadership of His Excellency, Dr. Peter Mbah, Executive Governor of Enugu State, and the dynamic Chairman of EERC, Chijioke M. Okonkwo Their efforts have led to a significant milestone—Enugu State is now the first sub-national entity in Nigeria to establish its own electricity market, following the enactment of the Enugu State Electricity Law and the formation of the EERC. Enugu is setting ambitious targets—planning to boost its electricity capacity from about 70MW to an extraordinary 700MW by 2030. This bold move, which will be fuelled by private sector investments, is not just about meeting demand but also about creating a robust, reliable, and sustainable electricity market that spans the entire value chain—from generation and transmission to distribution including off-grid, and mini-grid solutions. As I shared with the participants, TIB is ready and eager to work with potential investors to arrange the necessary funding to unlock and tap into the vast opportunities within Enugu’s electricity market, once we establish the commercial viability of each project. However, achieving this vision requires deliberate and strategic action. I emphasized the importance of the state’s role in supporting and incentivizing investors to attract the right private capital investments. This includes structuring projects for success, facilitating bankable long-term Power Purchase Agreements (PPAs) and providing and implementing policies that de-risk the market for investors. Weare genuinely excited about the path Enugu is forging and are committed to contributing to the continued growth and success of its electricity market such that together, we can build a future where Enugu not only powers its homes and industries but also shines as a beacon of energy innovation and sustainability in Nigeria #Nigeria #Electricity #EERC #Enugustate #sustainabledevelopment #energy #infrastructure

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  • The Infrastructure Bank Plc (TIB) was warmly received by the Rural Electrification Agency of Nigeria, a key partner in expanding energy access across the country. We are excited to continue our mission of transforming Nigeria's energy landscape through innovative financing solutions. Our discussions focused on developing sustainable projects that will drive the growth of off-grid and renewable energy initiatives. By leveraging our expertise in infrastructure finance, we aim to support Rural Electrification Agency of Nigeria’s efforts in providing reliable and clean energy to underserved communities, fostering economic growth and improving lives. As we move forward, we remain committed to pioneering initiatives that address the energy needs of today while laying the foundation for a greener, more sustainable future.

    REA Receives The Infrastructure Bank, Discuss Innovative Finance Options for Energy Access Projects in Nigeria: In line with the REA's sustained optimization of Public-Private-Partnerships in the delivery of the Federal Government's energy access objectives, the Agency continues to explore innovative finance options targeted at accelerating the growth of the off-grid, renewable space. This week, the Agency received the leadership of The Infrastructure Bank Plc (TIB), led by the Bank's MD, Ms. Nkiru Chine. A private sector-led infrastructure development finance institution, TIB is dedicated to providing innovative financing solutions. While addressing the TIB delegation, the Agency's MD/CEO, Abba Abubakar Aliyu gave assurance of the REA's openness to explore more sustainable finance opportunities to further solidify the future of the nation's renewable energy space while creating opportunities for private sector players to work in lockstep with other active stakeholders to deliver energy access technologies.

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  • EGM Highlights On July 1st, 2024, The Infrastructure Bank PLC held an Extraordinary General Meeting, to approve the Bank’s Capital-Raising process. This milestone is vital to the Bank’s strategic growth. The meeting was well attended by all Stakeholders, reflecting strong support for the Bank’s vision. Thank you to everyone who participated and contributed to the success of this significant event! #TheInfrastructureBank #EGM2024 #CapitalRaising #StrategicGrowth

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  • The Infrastructure Bank Plc reposted this

    View profile for Nkiru Chime, graphic

    Ag. MD/CEO, The Infrastructure Bank

    World Bank estimates that Nigeria will need about $2.3 - $3 trillion between now and 2050 to address the country’s infrastructure deficit, considering the projected population of about 400million. This translates to over $100b yearly. Our capital expenditure budget does not nearly address the gap which creates an opportunity for private sector play in the sector. Last week, we had a Pre-launch event where we exposed the TIB Infrastructure Fund, which will provide a unique opportunity for investors to play effectively in the Infrastructure Investment Space Sam Chidoka Kairos Capital Limited #infrastructuredevelopment #TheInfrastructureBank #Sustainability #ESG #Infrastructure

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