In Nigeria, InfraCredit has joined the family of buildings certified “EDGE” by the International Finance Corporation (IFC). This is the result of taking environmental and energy efficiency standards into account at its head office in Lagos.
Good news for the world of eco-construction. Nigeria’s Infrastructure Credit Guarantee Company (InfraCredit) has just been awarded Excellence in Design for Greater Efficiency (EDGE) certification by the International Finance Corporation (IFC), the private sector financing arm of the World Bank Group.
This label rewards the efforts of property and industrial developers to reduce carbon dioxide (CO2) emissions in their buildings. This is the case of InfraCredit, whose building housing its administrative offices in the city of Lagos achieved “58% energy savings, 44% water savings and 53% reduction in CO2 incorporated into materials”, according to the IFC’s assessment.
The EDGE certification teams generally rely on specific parameters such as natural ventilation, low-flow taps, dual-flush toilets and efficient lighting. “This achievement reaffirms our commitment to sustainable practices, not only in our projects and transaction cycles, but also by illustrating our position on green housing across Africa. It demonstrates our adherence to global standards and our ability to attract domestic institutional investors for sustainability-driven projects,” explained Chinua Azubike, InfraCredit’s CEO.
Beyond Nigeria, green construction is increasingly dynamic in West Africa. In nearby Ghana, property developers specialising in hotels and restaurants have already been EDGE-certified. Among them is Rehoboth Properties, whose 1,700 housing units in the capital Accra met IFC energy standards in 2022
