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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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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