Tag: loan

AfDB Approves $155 Million Loan For Nigeria’s EPSERP

According to Fatimah Alkali, Senior Communications Officer of the Africa Development Bank (AfDB), Bank has approved a loan of $155 million for Economic and Power Sector Reform Programme (EPSERP) in Nigeria.

The loan is aimed at improving power systems, business environment and sustaining growth through sound macroeconomic policies and budget priorities.

The programme was designed to benefit the entire population of Nigeria in terms of extended access to more reliable supply of electricity at reduced rate.

IFC & Grooming Centre MFB Provides $4.8 Million Facility for Small Businesses

Grooming Centre MFB has signed an agreement with International Finance Corporation (IFC), a division of the World Bank to get a 1.5 billion Naira (about $4.8 million) loan meant to increase access to funding by small businesses in Nigeria

AfDB Approves Financing Package For Rebuilding, Recovery and Stabilization in North East Nigeria

The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme (IBSDLEIP), in support of operationalizing the “Buhari Plan” for Emergency Transition, Recovery and Peacebuilding for North East states in Nigeria