Market commentary, research, and perspectives from the GTH investment and advisory teams.
The institutions that allocate the most capital to African infrastructure have historically had no forum in which to speak candidly. The AAAIR was built to give them that forum.
Global private credit AUM has reached $1.7 trillion. Nigerian commercial banks have retreated from mid-market corporate lending. The SEC's 2025 Rules and PenCom's revised investment regulation have, for the first time, opened a credible pathway for institutional private credit deployment in Nigeria.
Nigeria's National Housing Data Technical Committee confirmed in January 2026 that the country's housing deficit stands at 14.925 million units. Home ownership has fallen from 30% in 2019 to 20% in 2024. Mortgage rates exceed 20% p.a. The FMBN has served less than 1% of its 5.47 million NHF contributors since 1997.
Africa needs $360–400 billion annually in infrastructure investment. Nigeria's gap stands at $2.3 trillion between 2020 and 2043. Some sectors — power IPPs, ports, digital — have demonstrated that private capital can be structured and deployed. Others remain aspirational. A practitioner's assessment of what is bankable.