Coronation Asset Management has listed the Coronation Infrastructure Fund (CIF), Nigeria’s largest Series I infrastructure fund, on the Main Board of the Nigerian Exchange (NGX). The move, described by market analysts as a milestone for the country’s capital market, is expected to deepen access to infrastructure as an investable asset class and attract more long-term capital into critical sectors of the economy.
The N8.79 billion listing comprises 87.9 million units at N100 per unit, positioning the Coronation Infrastructure Fund as a category-defining investment product in Nigeria. Managed by Coronation Asset Management Limited, a subsidiary of Coronation Group, the fund is designed to provide investors with structured exposure to infrastructure-led growth through a professionally managed platform.
Speaking on the significance of the listing, Chief Executive Officer of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, said the fund embodies the company’s philosophy of using strong financial products to drive sustainable economic growth. “At Coronation, our belief is simple: great products can shape economies. The Coronation Infrastructure Fund is one such product, rooted in deep market insight, backed by strong governance, and built to generate wealth sustainably. More importantly, it plays a catalytic role in addressing Nigeria’s infrastructure deficit by directing long-term capital into the sectors that matter most: transport, energy, housing, and beyond,” Aig-Imoukhuede explained.
Nigeria faces an estimated infrastructure financing gap running into billions of dollars annually. Experts believe products like the CIF will help bridge part of that gap by pooling capital from institutional and retail investors and channeling it into viable infrastructure projects. The fund has already demonstrated impact by distributing N1.7 billion in dividends since inception, making it one of the best-performing maiden infrastructure funds in the country.
The CIF portfolio is spread across critical sectors including transportation, energy, real estate, and utilities. Its structure blends capital preservation, semi-annual income distribution, and impact investing, making it attractive to both conservative and growth-seeking investors.
According to Mayowa Ikotun, Head of Coronation Infrastructure Fund, the listing is not only about fundraising but also about transforming the investment landscape in Nigeria. “CIF’s listing marks a turning point. It’s the moment infrastructure investing becomes democratised through our product offering. This is what we do at Coronation: we turn vision into investable outcomes,” Ikotun said.
Industry stakeholders have welcomed the development, noting that the Nigerian capital market has long needed more infrastructure-focused products to attract domestic and foreign participation. They argue that beyond returns to investors, funds like CIF provide broader economic benefits by financing roads, power plants, housing projects, and utility systems that support everyday life and stimulate economic growth.
With Nigeria struggling with weak public funding for infrastructure, private sector-led financing is becoming increasingly important. Analysts say the listing of CIF aligns with global best practices, where infrastructure funds play a key role in driving development while also generating competitive returns.
The Nigerian Exchange (NGX) also hailed the fund’s listing as evidence of the capital market’s ability to support national development goals. The Exchange believes the entry of CIF into the Main Board will open the door for more innovative instruments that can address Nigeria’s socio-economic challenges.
As the Coronation Infrastructure Fund gains more traction, investors and regulators will be watching closely to see how it sustains returns and contributes to bridging the country’s infrastructure gap. Market watchers suggest that if successful, it could serve as a blueprint for more infrastructure funds in the Nigerian and wider African market.
The listing highlights Coronation Group’s growing role as a key player in Nigeria’s investment ecosystem and underscores the rising importance of capital markets in solving long-term development challenges. With the fund now accessible on the NGX, more Nigerians have the opportunity to participate in financing the nation’s future growth while also benefiting from the returns.
