Release date: 27 August 2018
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),UNION BANK OF NIGERIA PLCLocation
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)
- Credit lines - Credit lines
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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).