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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Nigeria : € 150,000,000
    Transport : € 109,500,000
    Signature date(s)
    29/12/2023 : € 40,500,000
    29/12/2023 : € 109,500,000

    Summary sheet

    Release date
    28 August 2024
    Status
    Reference
    Signed | 29/12/2023
    20180376
    Project name
    Promoter - financial intermediary
    NIGERIA ACCESS TO AGRI MARKETS FRAMEWORK LOAN
    FEDERAL REPUBLIC OF NIGERIA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 335 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a framework loan to finance investments proposed under the Rural Access and Agricultural Marketing Project (RAAMP) in Nigeria. The project includes the rehabilitation and upgrading of rural roads and agro-logistics centres in 13 participating States in the Federal Republic of Nigeria.

    The rehabilitation/upgrade of rural and state access roads and construction of agro-logistic centers is expected to positively contribute to the economic and social development of Nigeria. The project is focused on and will support the development of infrastructure essential for the agriculture and agri-business sectors, and also for other rural industry.

    Environmental aspects
    Procurement

    The Bank will assess the environmental and social aspects of the project during appraisal and will require that the project complies with the EIB's environmental and social principles and standards.

    The Bank will require the promoter to ensure that implementation of the project financed by EIB loan takes into consideration the Bank's Guide to Procurement.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    12 December 2019
    29 December 2023

    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 ACCESS TO AGRI MARKETS FRAMEWORK LOAN
    Publication Date
    29 Aug 2024
    Document language
    Main Topic
    Lending
    Document Number
    227498824
    Document Focus
    Environmental Information
    Project Number
    20180376
    Countries
    Publicly available
    Download now

    General enquiries and comments

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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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