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    Reference: 20180472
    Release date: 27 August 2018

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),UNION BANK OF NIGERIA PLC

    Location

    Description

    The project consists of a financing facility focused on small and medium-sized enterprises (SMEs) for Nigerian financial intermediaries to support eligible private sector entities or commercially-operated public sector entities undertaking productive investments in Nigeria.

    Objectives

    This project will improve competitiveness and access to finance at favourable conditions for SMEs in Nigeria.

    Comments

    Union Bank Nigeria EUR 50m; other acceptable banks to be added following appraisal.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 110 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Under appraisal - 12/07/2018

    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).

    Related tags

    Nigeria Credit lines