By Aduragbemi Omiyale
The leadership of AVA Global Asset Managers Plc has been commended by the Nigerian Exchange (NGX) Limited for listing its N4.075 billion AVA Infrastructure Fund Series 1 on the platform.
“We are delighted that AVA Global Asset Managers Plc has chosen to use this platform to communicate the listing of the N4.075 billion AVA Infrastructure Fund Series 1 to the investment community,” the chief executive of the NGX, Mr Jude Chiemeka, said at the closing gong ceremony to commemorate the listing at the exchange on Thursday, August 29, 2024, in Lagos.
He also praised the organisation’s commitment to enhancing the infrastructure sector and increasing investment opportunities.
The ceremony highlighted the impact of strategic investments in fostering economic growth and innovation.
In his remarks, the Vice Chairman of AVA Global, Mr Kayode Fadahunsi, said, “We are committed to upholding the highest standards of transparency, governance and sustainability.”
“The AVA Infrastructure Fund will not only seek returns for investors but will ensure that every investment decision is guided by principles that promote environmental stewardship, social responsibility, and economic inclusivity,” he added.
Stating the mission of the fund, the chief executive of AVA Global, Mr Efe Shaire, said that the fund was conceived to support and bridge Nigeria’s infrastructure gap by providing long-term capital to critical sectors, including energy and power, gas distribution etc.
“The listing of AVA Infrastructure Fund on NGX opens up new opportunities for collaboration and growth and allows us to tap into the deep pools of capital and liquidity available within the Nigerian market while providing investors with access to a well-structured, transparent, and professionally managed investment vehicle,” he averred.
