Approvals
28/02/2013 - The Board of Directors of the African Development Bank Group approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.
Categories: Côte d’Ivoire, Nigeria, Economic & Financial Governance, Transport
22/02/2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010. The money, being provided under the CIF’s Clean Technology Fund (CTF), is designated to stimulate alternative and efficient ways to generate electricity and to reduce dependence on energy sources which contribute significantly to greenhouse gas emissions.
Categories: Nigeria, Infrastructure, Energy & Power, Environment, Climate Change, Climate Investment Funds (CIF)
22/02/2013 - The Climate Investment Funds (CIF) has approved a grant of US $950,000 to help Nigeria prepare for a proposed project to revamp Abuja’s mass transit system. The request for the project preparation money was submitted to the CIF by the Government of Nigeria and the African Development Bank (AfDB). This is the first time the CIF has approved a sustainable transport project preparation grant within Africa, and marks the way forward for the transport sector as part of the AfDB and CIF work to help Africa move toward low-carbon and climate-resilient development.
Categories: Nigeria, Transport, Infrastructure, Environment, Climate Change, Climate Investment Funds (CIF)
30/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America.
Categories: Nigeria, Private Sector Development, Agriculture & Agro-industries
13/03/2012 - The Board of Directors of the African Development Bank (AfDB) approved on February 15, 2012 a USD 200 million line of credit (LOC) in favour of the Africa Finance Corporation (AFC), a multinational financial institution based in Lagos, Nigeria, with the mandate to catalyse investments and create partnerships to help bridge Africa’s infrastructure gap.
Categories: Nigeria, Infrastructure, Private Sector Development
16/02/2012 - The African Development Bank (AfDB) has approved a loan of USD 100 million to improve water and sanitation in the city of Zaria in northern Nigeria through the African Development Fund, its concessional or ‘soft loan’ arm.
Categories: Nigeria, Water Supply & Sanitation
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 500 million, to the Bank of Industry (BOI) for financing domestic-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through BOI by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 200 million, to the Nigerian Export-Import Bank (NEXIM) for financing export-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through NEXIM by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
10/03/2011 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 9 March 2011 in Tunis, a UA 21.8-million (USD 34.3 million) loan to Nigeria to finance capacity building for Public-Private Partnerships (PPP) in infrastructure sectors, particularly in power and transport.
Categories: Nigeria, Infrastructure
23/06/2010 - The Board of Directors of the African Development Bank (AfDB) on Wednesday, 23 June 2010 in Tunis approved a USD 100-million line of credit to Nigeria’s Guaranty Trust Bank (GTB) for project funding in various sectors of the Nigerian economy.
Categories: Nigeria, Private Sector Development
