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Nigeria - Economic and Power Sector Reform Programme (EPSRP) - PPER
This operation is an ADF loan of UA 100 million with a first tranche of UA 67 million and a second tranche of UA 33 million. It was approved by the AfDB Board on 1st October 2009. It was originally anticipated that first tranche disbursement would take place in March 2010 and the second tranche in September 2010. It represents both the first Bank PBO in Nigeria, and the first Bank PBO in the energy sector. It is the largest sectoral PBO that the Bank has approved over the evaluation period.