By Chukwuma Umeorah
The Nigerian Exchange Group (NGX) has lauded the recent listing of AVA Global Asset Managers’ N200 billion Infrastructure Fund, a pivotal move aimed at addressing Nigeria’s infrastructure deficit, which is currently estimated at $100 billion.
Jude Chiemeka, Chief Executive Officer of NGX Limited, celebrated the fund’s listing during a recent event on the Exchange floor. He affirmed that the listing adhered to all regulatory requirements and commended AVA Global Asset Managers for their diligence and foresight. “This landmark listing marks a significant step towards bridging Nigeria’s infrastructure funding gap. We are confident that this initiative will not only deliver substantial returns to investors but also contribute positively to the nation’s broader economic development,” Chiemeka said.
The Infrastructure Fund comprises 4,075 units, each valued at N1 million, issued under a N200 billion issuance programme. This fund is strategically designed to channel long-term capital into critical sectors of the Nigerian economy, including energy, transportation, agribusiness, and telecommunications—sectors vital for sustainable development and economic growth.
Efe Shaire, CEO of AVA Global Asset Managers, emphasized the fund’s commitment to fostering Nigeria’s economic advancement and improving the quality of life for millions. “The listing of the AVA fund on the NGX unlocks new opportunities and leverages the substantial capital and liquidity present within the Nigerian market. It also provides investors with access to a robust, transparent, and professionally managed investment vehicle,” Shaire noted.
Femi Shobanjo, CEO of NGX Regulation Limited, took the opportunity to encourage other fund managers to explore investments in the environmental, social, and governance (ESG) sectors. He emphasized the importance of a well-regulated market in fortifying the investment ecosystem. “A well-structured regulatory framework is crucial for investment protection and market integrity,” Shobanjo remarked. He reiterated the NGX’s dedication to enhancing market depth and maximizing value for investors.
The landmark listing by AVA Global Asset Managers is poised to play a transformative role in Nigeria’s infrastructure landscape, fostering long-term economic benefits and setting a benchmark for future investment initiatives.