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NIGERIA GREEN & DIGITAL MSME & MIDCAPS FINANCE

Summary sheet

Release date
12 June 2023
Status
Reference
Under appraisal | 12/04/2023
20230070
Project name
NIGERIA GREEN & DIGITAL MSME & MIDCAPS FINANCE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 400 million
Location
Sector(s)
Description
Objectives

The project consists of a loan to the Federal Government of Nigeria to support investments in the green, agri and digital sectors through the Development Bank of Nigeria (DBN).

The aim is to improve access to medium and long-term finance for Nigerian small and medium sized enterprises (SMEs) carrying out projects in the sectors above through local banks and microfinance institutions. A special focus on underserved groups such as female entrepreneurs and youth.

Environmental aspects
Procurement

The EIB will require from DBN to take all the requisite measures to ensure that the sub-projects carried out by the final beneficiaries receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.

The EIB will require DBN 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
Link to source
Summary sheet
NIGERIA GREEN & DIGITAL MSME & MIDCAPS FINANCE

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

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 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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