The MDG Nigeria Infrastructure Fund is a privately-managed, close-ended infrastructure fund structured as a Limited Partnership to finance and implement the MDG Project Nigeria (2027–2036), a transformational industrial development programme spanning seven strategic sectors of the Nigerian economy. MDG Investment Company Limited serves as General Partner. The Fund is in the process of registering as a licensed Fund/Portfolio Manager with the Securities and Exchange Commission (SEC), Nigeria.
Each sub-fund is dedicated to one anchor project and sector. The Fund comprises seven dedicated sub-funds, each aligned to a specific anchor project.
The first six sub-funds form the consolidated infrastructure strategy over a 7-year horizon. The Financial Services Sub-Fund is modelled separately over a 10-year horizon due to its distinct portfolio composition and distribution structure. All figures are base-case model outputs only and are subject to change pending final structuring, legal documentation and investor due diligence.
To invest in domestic companies and projects that deliver targeted financial returns, stimulate economic growth and diversification, enhance the non-oil sector's contribution to Nigeria's GDP, and generate meaningful employment opportunities.
To position the MDG Nigeria Infrastructure Fund as a leading infrastructure investment fund in Africa, driving industrialisation, fostering sustainable economic growth, and promoting long-term value creation across Nigeria's critical sectors.
The Fund typically holds 60% equity in each project company, with the remaining 40% held by strategic partners such as GLWD Investment Company Limited or other project sponsors.
Fixed preference dividends or structured interim distributions of 2%–4% p.a. during the operational phase, depending on project cash flow profile.
At end of investment term (~7 years for infrastructure), the Fund exits through sale of its equity stake to GLWD Investment Company Limited, strategic partners, or other approved acquirers at 1.2x–1.5x invested capital.
Upon exit, GLWD Investment Company Limited assumes 100% ownership of the project company, redirecting capital towards the Green Line White Dots Initiative (education, healthcare, sports).
Exit buyout funded through a combination of project operating cash flows, refinancing proceeds, sponsor capital, strategic partner capital, and external debt financing secured by the acquiring party.
MDG Investment Company Limited established as General Partner; governance framework and Board structure defined; legal, audit, tax, and fund administration advisers engaged; offering documents prepared; SEC Nigeria registration process initiated.
Private placement to eligible institutional investors; target First Close; execute NDAs and data room access; finalise bankability assessments for priority anchor projects; begin EPC, O&M, and off-take negotiations; achieve Financial Close on priority sub-funds.
Capital deployed into anchor project companies across all seven sub-funds; OHL Industrial City construction commences; anchor projects enter their 2-year moratorium and construction period; no distributions during this phase.
MDG Project Nigeria anchor projects enter operational phase; annual distributions commence across the consolidated infrastructure sleeves; quarterly Investment Committee reporting; GLWD social infrastructure programme begins.
Structured exit from the six consolidated infrastructure sub-funds at 1.2x–1.5x invested capital; GLWD Investment Company Limited assumes 100% ownership of project companies; exit proceeds redirected to the Green Line White Dots Initiative. The Financial Services Sub-Fund continues independently through to its final exit and realisation period in 2037.
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