In a bold push toward cleaner energy and industrial growth, FCMB Capital Markets has taken the helm in a landmark ₦11.85 billion bond issuance to fund a new mini-LNG plant in Nigeria.
The project, championed by GLNG Funding SPV Plc and backed by InfraCredit, aims to liquefy 200,000 standard cubic metres of gas daily—offering a cheaper, greener alternative to diesel and promising thousands of jobs.
Bridging The Power Gap
By launching this facility, GLNG aims to close Nigeria’s power supply gap and offer industries a cleaner, more affordable alternative to diesel.
Moreover, to strengthen investor confidence, InfraCredit—a AAA-rated infrastructure credit guarantee firm—provided a full guarantee for the bond.
As a result, the project will generate over 500 direct and 2,000 indirect jobs, stimulating sustainable economic growth.
FCMB Capital Markets
Speaking on the milestone, Managing Director of FCMB Capital Markets, Ikechukwu Omeruah, said: “We remain committed to financing clean energy projects that deliver long-term impact.
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“We appreciate the confidence GLNG, InfraCredit, and the investors have placed in us”.
Rising Demand For Gas
Meanwhile, momentum continues to build around gas adoption in Nigeria.
According to a 2022 Clarke Energy report, manufacturers who switch from the national grid could cut costs by up to 30%, while those replacing diesel could save as much as 80%.
Over the past five years, FCMB Capital Markets—part of FCMB Group—has raised more than ₦3 trillion in debt and equity capital for top Nigerian corporates.
Ultimately, through this bond issuance, the firm continues to lead efforts in reshaping Nigeria’s energy and infrastructure landscape.
