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    Signature(s)

    Amount
    € 175,000,000
    Countries
    Sector(s)
    Nigeria : € 175,000,000
    Water, sewerage : € 175,000,000
    Signature date(s)
    29/12/2020 : € 175,000,000

    Summary sheet

    Release date
    22 October 2024
    Status
    Reference
    Signed | 29/12/2020
    20180377
    Project name
    Promoter - financial intermediary
    NIGERIA CLIMATE ADAPTATION - EROSION & WATERSHED
    FEDERAL REPUBLIC OF NIGERIA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 175 million
    EUR 578 million
    Location
    Sector(s)
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    The project will finance investments in gully erosion control, slope stabilisation, integrated watershed management and livelihoods improvement.

    The aim is to support the Climate Adaptation process for Nigeria with capacity building on the planning, management, monitoring of watershed, erosion-related activities and disaster risk management. The overall objective is to reduce vulnerability to soil erosion and improve population livelihood in targeted watersheds in several states of the country in the context of adaptation to climate change.

    Environmental aspects
    Procurement

    A Resettlement Policy framework has been developed as well as an Environmental and Social Management Framework. Each subproject will be subject to an environmental screening to determine in which environmental category it falls into and in addition, a Resettlement Action Plan or an Abbreviated Resettlement Action Plan will be prepared to the satisfaction of the Bank before moving to implementation.

    The EIB will require the promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    11 December 2018
    29 December 2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - NIGERIA CLIMATE ADAPTATION - EROSION & WATERSHED
    Publication Date
    7 Jan 2025
    Document language
    Main Topic
    Lending
    Document Number
    87277692
    Document Focus
    Environmental Information
    Project Number
    20180377
    Sector(s)
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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