Release date: 22 May 2014
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
Line of credit to finance small and medium sized projects undertaken by private enterprises in Nigeria, through the intermediary Access Bank Plc.
Objectives
The line of credit is to support the availability of term finance to private enterprises operating in the productive and service sectors in Nigeria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Access Bank will ensure that projects financed are implemented in conformity with the environmental laws of Nigeria.
Procurement
Access Bank will take all the requisite measures to ensure that the procurement of works, goods and services relating to the subprojects which the EIB finances is the most economically advantageous option, following appropriate procedures in the light of the circumstances and taking account of quality and efficiency.
Status
Signed - 1/09/2014
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).