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By Uche Usim
Nigeria Infrastructure Debt Fund (NIDF) will distribute N4.68 per share, amounting to approximately N5.59 billion, to its unitholders, subject to withholding tax. The announcement, filed on the Nigerian Exchange on 15 January 2026, was made by the fund manager, Chapel Hill Denham.
According to the filing, unitholders whose names appear in the fund’s register on or before 28 January 2026 will be eligible for the payment, which will be processed electronically through Coronation Registrars on 5 February 2026. E-dividend registration is required for payment.
The distribution covers the period ended 31 December 2025 and reflects a 10 percent quarter-on-quarter improvement over the previous payout of N4.25, delivering an annualized yield of 20.99 percent. “The increase follows a strong fourth quarter, in which the fund reported a pre-tax profit of N6.7 billion, up from N5.9 billion in the same period of 2024,” the filing stated.
For the full year, NIDF recorded a pre-tax profit of N23.6 billion, up from N19.5 billion a year earlier. Interest income, the fund’s main revenue driver, rose to N21.5 billion in 2025 from N17.6 billion in 2024 as the loan book expanded, with the fourth quarter alone contributing N4.8 billion in interest. Total assets increased to N137.7 billion from N120.7 billion in 2024, while members’ funds grew by 14.93 percent to N130.7 billion. The number of units in issue also rose to 1.19 billion from 1.05 billion, reflecting continued investor confidence.
The fund’s portfolio spans nine sectors, with its largest exposure being a 176-kilometre pipeline project accounting for 41 percent of total investments. Marine infrastructure follows at 20 percent, while 458 off-grid solar sites and 1,125 telecom towers represent 11 percent and 10 percent, respectively. Other investments include two gas processing plants (9 percent), solar home systems (3 percent), two independent power producer sites (3 percent), a student accommodation project (2 percent), and three broadband internet sites (1 percent).
The fund has consistently outperformed benchmark government securities, delivering returns 415.19 basis points above the 10-year FGN bond in 2025, maintaining its appeal for income-focused investors.
“The distribution reflects both the strong financial performance of NIDF in 2025 and our continued commitment to providing steady, attractive returns to unitholders,” Chapel Hill Denham said in the statement. With robust growth in assets and consistent portfolio expansion across critical infrastructure projects, NIDF remains a key vehicle for investors seeking stable income and long-term exposure to Nigeria’s infrastructure sector.
