BusinessDay reported that Coronation Infrastructure Fund deployed N2.73 billion across three Nigerian projects in Q3 2026, an update on private financing in a country with a large infrastructure funding gap.
BusinessDay based its account on a September investor report. The fund’s public publications page lists its June 2026 report as the latest available. BusinessDay did not name the three projects that received the Q3 financing or say how much each received.
BusinessDay put the fund’s net asset value at N9.44 billion on Sept. 30. The fund’s June report lists audited net assets of N9.729974 billion on Dec. 31, 2025, or N9.73 billion rounded. BusinessDay described the September portfolio as entirely senior project finance loans, with energy at 40.50%, social infrastructure at 22.94%, transportation at 22.69% and real estate at 13.87%.
The fund’s June report described Project Light as a 30-megawatt embedded-generation project serving corporate customers. The June report expected construction to be completed in Q4 2026. BusinessDay later reported that construction was continuing and commercial operations were expected in Q1 2027.
The June report also described Project Auto as financing 300 Sinotruk trucks and said its fleet was operational. BusinessDay reported that the trucks were expected to increase the fleet from 860 to 1,160 vehicles and support cargo movement of about 550,000 tonnes a month. It also described Project Titan as a 548-bed student residence and Project Abode as a 3,000-unit affordable housing development in the South-East, both progressing on schedule.
Coronation describes the fund as a closed-end debt vehicle managed by Coronation Asset Management Limited and registered with Nigeria’s Securities and Exchange Commission. In an Aug. 3 filing with Nigerian Exchange, the fund said it opened a Series 2 offer of up to N20 billion, comprising 186,915,887 units at N107 each under a N200 billion shelf program.
The fund’s June report estimated Nigeria’s annual infrastructure investment need at roughly $100 billion over the coming decade, with public spending covering less than one-fifth of that estimate.
