The Nigeria Infrastructure Debt Fund (NIDF) has reported a robust ₦11.79 billion profit for the half-year ended June 30, 2025 — a notable 41% increase from the ₦8.34 billion recorded during the same period in 2024. This strong performance underscores NIDF’s growing impact on Nigeria’s infrastructure financing landscape and its resilience amid market fluctuations.
The announcement was made in the fund’s Half-Year 2025 Investor Report, filed with the Nigerian Exchange Limited (NGX) on Wednesday. According to the unaudited financial statements, the profit growth was driven largely by interest income of ₦10.94 billion, generated through its expansive infrastructure loan portfolio. Additional revenue streams included ₦379.7 million in net fair value gains and ₦1.51 billion in other income, bringing the total income for the period to ₦12.83 billion.
Despite its expanding investment footprint, NIDF demonstrated prudent cost management. Operating expenses dropped slightly to ₦1.05 billion, compared to ₦1.12 billion during the corresponding period in 2024. This efficiency helped strengthen its bottom line and operational sustainability.
On the back of this performance, the fund announced a ₦5.20 per unit distribution for Q2 2025, fully funded by operational cash flows. This distribution was declared on July 9, with a qualification date of July 2, and is scheduled for disbursement to eligible unitholders on August 1, 2025.
With a distribution yield of 21.85%, NIDF continues to position itself as one of Nigeria’s most consistent and high-yielding investment vehicles, appealing to both institutional and retail investors seeking stable returns in the fixed income and infrastructure investment space.
NIDF’s Net Asset Value (NAV) climbed to ₦114.39 billion, while total assets rose to ₦121.13 billion, up from ₦120.74 billion as of December 2024. The fund currently has 1.05 billion units in issue and a last traded unit price of ₦118, translating to a market capitalization of approximately ₦124.58 billion.
In a bid to scale its portfolio and deepen investment in Nigeria’s infrastructure ecosystem, NIDF is gearing up to launch Series 11 of its capital raise programme. The Securities and Exchange Commission (SEC) has approved the new issuance, through which the fund aims to raise ₦40.08 billion. The capital will be channeled toward new and ongoing infrastructure projects across transportation, energy, and logistics sectors.
As of June 30, 2025, NIDF maintained a diversified portfolio of 28 active infrastructure investments, offering a weighted average yield of 20.58%. The portfolio has a weighted average tenor of 9.26 years at disbursement, with a remaining life of 6.99 years — reflecting the fund’s long-term investment horizon and commitment to supporting sustainable national development.
Managed by Chapel Hill Denham, NIDF remains a pioneering player in Nigeria’s debt capital market for infrastructure. Since inception, it has consistently paid distributions and reported strong profitability, reinforcing investor confidence.
Market analysts have praised NIDF’s performance, citing it as a case study in leveraging private capital for infrastructure development in emerging markets. With macroeconomic headwinds impacting traditional government-led infrastructure funding, the fund’s model has become increasingly relevant.
“Infrastructure remains one of Nigeria’s greatest economic challenges and opportunities. Funds like NIDF are bridging that financing gap by unlocking long-term private capital,” said Adeola Faleye, an investment analyst at Lagos-based Frontier Capital.
With a healthy profit margin, expanding asset base, consistent returns, and ambitious capital raise plans, NIDF is poised to play an even more significant role in Nigeria’s infrastructure financing journey. Its performance in H1 2025 signals resilience, strategic foresight, and a growing appetite among investors for infrastructure-backed fixed income securities.