De-risk.
Backstop InfraCredit guarantees for eligible greenfield projects.
Risk Sharing Backstop Facility
Unlocking capitalfor climateinfrastructure.
RSBF helps early-stage climate infrastructure access long-term local currency financing by sharing the risk that keeps institutional capital on the sidelines.
Phase 1 Pipeline₦27.5bn
80%Risk share
$50mTarget size
A more resilient, lower-carbon Nigeria is within reach.
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The opportunity
is here.
The financing
isn’t.
is here.
The financing
isn’t.
The market context
Nigeria faces a vast infrastructure gap.
Yet less than 2% of pension fund assets are deployed towards infrastructure. Viable greenfield projects struggle to attract institutional capital because construction-stage risk, while foreign-currency debt is often unsuitable for businesses earning Naira revenues.
USD177bnEstimated investment to deliver Nigeria’s conditional NDC target
USD1.9tnFinancing requirement for Nigeria’s Energy Transition Plan
USD1.9bn/yrAverage annual climate finance invested in 2020
USD60%Share of Nigeria’s total GHG emissions from the energy sector
The RSBF Model
RSBF changes the equation.
By providing a risk-sharing backstop to InfraCredit’s guarantees, RSBF enables a new class of climate infrastructure to reach financial close and begin construction.
Market Bottleneck
Without RSBF
Capital pathway breaks down before construction
01
Climate projectViable greenfield infrastructure seeking long-term funding
02
Construction riskEarly-stage completion risk deters commercial lenders
03
Limited guaranteeInfraCredit guarantee capacity constrained without backstop
04Stalled
Capital stays outInstitutional capital remains on the sidelines; project stalls
RSBFUnlocks
Catalytic Solution
With RSBF
InfraCredit guarantee + RSBF backstop unlocks long-term Naira capital
01
Climate projectViable greenfield infrastructure seeking long-term funding
02Backstop Active
InfraCredit + RSBFRSBF offshore collateral backstops 80% risk share
03
Risk reducedConstruction-stage risk shared; credit profile elevated
04
Naira capitalDomestic pension funds deploy long-term local currency
05Delivered
Infrastructure builtProjects reach financial close, construction & stable operations
Outcome: Risk reduced → Long-term Naira capital mobilized → Infrastructure gets built
One facility
One facility. Three outcomes.
Mobilise.
Bring long-term domestic institutional capital into climate infrastructure.
Build.
Help viable projects reach financial close, construction and ultimately stable operations.
£10m
Anchor investment$50m
Target facility size80%
RSBF risk participation₦27.5bn
Phase 1 pipelineClimate-aligned infrastructure
What we enable.
RSBF supports green-certified, climate-aligned infrastructure across key sectors.
Renewable Energy
Utility-scale solar, hydro, wind & decentralized hybrid minigrids
Energy Efficiency
Commercial cooling, industrial heat recovery & smart power systems
Clean Transportation
Electric bus transit, charging networks & lower-carbon fleet logistics
Green Buildings
EDGE-certified sustainable commercial & affordable housing assets
Climate Adaptation
Flood mitigation, climate-smart agriculture & coastal defenses
Sustainable Water & Wastewater
Clean water distribution, industrial recycling & municipal treatment
Beyond the guarantee
Capital that becomes infrastructure.
A guarantee is not the end result. It becomes solar systems powering businesses, renewable energy improving people and goods, climate-smart agriculture supporting livelihoods, efficient homes for Nigerian families — and stronger, more resilient communities.
Discover our impact9.25 MWclean energy capacity
8,249 tCO₂eemissions avoided
2,500new jobs
240EDGE-certified homes
31states reached
$50mprivate capital mobilised
Our ambition
Building a new market for climate finance.
RSBF isn’t only financing individual projects. Its longer-term ambition is to demonstrate that well-structured greenfield infrastructure can become an investable asset class for Nigeria’s domestic institutional capital.
Discover Our Impact
Work with RSBF
Let’s move capital
towards what matters.
01
For Investors
Participate in a facility designed to mobilise domestic capital into climate infrastructure.
Learn more 02For Project Developers
Explore whether your project could qualify for RSBF-backed financing.
Discuss a project 03For Partners
Work with us to deepen Nigeria’s climate infrastructure financing ecosystem.
Partner with us