How PIDG helped 24 Nigerian companies raised $247 million at home

Nigerian companies looking to finance large projects have either had to raise capital abroad and absorb foreign exchange risk in a currency that moves against them or raise at home in a domestic capital market with traditionally little appetite for infrastructure. The Private Infrastructure Development Group (PIDG) has spent two decades trying to widen that choice. A blended-finance institution funded by six governments alongside the International Finance Corporation (IFC), PIDG was established