FCMB Capital has announced the successful issuance of an N11.85 billion bond aimed at strengthening Nigeria’s gas infrastructure, according to a report by Punchng.
This financial milestone underscores FCMB Capital’s commitment to supporting critical energy sector projects that are vital to Nigeria’s economic development and energy security.
The bond proceeds will be deployed towards expanding gas distribution networks and improving infrastructure to meet rising domestic demand. FCMB Capital’s strategic investment is expected to facilitate sustainable energy supply, creating opportunities for industrial growth and job creation in the country.
According to FCMB Capital’s CEO, the bond issuance reflects the institution’s confidence in Nigeria’s gas sector and the potential for long-term growth. “This initiative aligns with our mission to catalyze infrastructure development and support sectors that drive economic transformation,” the CEO stated.
The gas sector in Nigeria has been identified as a key priority by the government to diversify the energy mix and reduce dependence on imported fuels. Investments like FCMB Capital’s bond are crucial in closing the infrastructure gap and enhancing energy access for businesses and households.
Industry experts believe that such financial instruments will attract further private sector participation in Nigeria’s energy markets, propelling the country towards achieving its energy goals.
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