devinitorg/iati-policy-markers huggingface dataset:
IHS Nigeria 2 The project comprises an expansion of the operations of IHS Nigeria Plc (IHSN or the Company) through the acquisition and upgrade of 2,705 towers in a Buy and Lease Back (BLB) arrangement with Etisalat Nigeria (Etisalat) and the construction of Build to Suit towers contracted for Mobile Network Operators (MNOs) in Nigeria. IHS Nigeria is an existing IFC client. (i) Expand Mobile Telecommunications Access as collocation reduces the  incremental cost of expanding service for all carriers thereby allowing them to serve remote and economically less developed areas.   (ii) Increased Competition as enabling collocation on tower sites previously owned by MNOs will lower barriers to entry for smaller and newer mobile phone and wireless operators through access to leased tower facilities compared to building their own.   (iii) Contribute to Mitigating Environmental Impact and Climate Change as the Company will provide a cost effective opportunity for operators to lower their carbon emission as well as physical footprint by sharing infrastructure.
Diamond Bank JV IFC proposes to provide Diamond Bank Plc (Diamond Bank or the Bank) with a subordinated convertible loan of up to US$70 million to support its expansion strategy, strengthen its capital base and enhance its corporate governance and risk management practices. Furthermore, it is expected to send positive signals to the market, aimed at improving confidence within the Nigerian financial sector, as well as with international investors. The Project will also provide the Bank with significant and stable long-term financing to help it grow its business. IFC will be providing and mobilizing long term funding and support at times of adverse market conditions. In addition, it will be providing an integrated advisory program that will assist the institution to strengthen its corporate governance.
GUARANTY TRUST BANK PLC Guaranty Trust Bank Plc. is a full service commercial bank quoted on the Nigerian Stock Exchange.    Project Cost Including proposed IFC investment    Total project cost is estimated at $20 million.    Location of project and Description of site - Nigeria    Description of Company and Purpose of Project    The project involves an IFC term loan of up to $20.0 million to Guaranty Trust Bank Nigeria (GTB or the Bank) to be on-lent to private Nigerian enterprises for rehabilitation, trade finance, working capital and new investment projects. The sponsor of the project is Guaranty Trust Bank Plc. a public limited company quoted on the Nigerian Stock Exchange. Although the Bank has over 4,000 shareholders, it remains closely held by its management, staff and a small number of its founding shareholders who together own a significant part (around 85%) of the Bank''s shares. Despite the difficult economic condition and political situation prevailing in the country as well as increasing competition, the Bank has over the years shown strong underlying earnings growth and profitability. This performance is also reflected in the significant growth of the Bank''s equity since establishment from Naira 25.0 million in 1991 to N2.8 billion as at end of August 1999. GTB is a full service bank with a target market of middle and top tier corporate clients. The Bank is well established in these markets and has a particularly strong presence in the manufacturing industries as well as the petroleum and petroleum related sectors of the economy. The Bank services its clients through a branch network of 12 offices located in the major commercial /industrial centers in Nigeria. The network is supported by a strong technology platform linked via a wide area network with real time capabilities.      - Environmental Category and Issues    This is a category FI Type 2 project according to IFCs environmental review procedure.  GTB has committed to establishing an environmental management system that will ensure that investments are consistent with applicable host country environmental laws and regulations as well as applicable World Bank Group environmental, health and safety guidelines and policies; designating appropriate individuals who will have responsibility for environment; attending IFCs environmental management workshops; submitting an environmental management plan; ensuring that category A projects are cleared by IFCs Environment Division; and submitting an annual environmental performance report.     The  is  from the InfoShop.       Host country location of environmental documents    Nigeria      Date SPI sent to InfoShop February 3, 2000   This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:    Corporate Relations Unit    Telephone: (202) 473-7711   Fax: (202) 974-4384
Tantalizers PLC Tantalizers (Tantalizers or the Company), the second largest fast food (Quick Service Restaurant or QSRs) operator in Nigeria, with 49 retail outlets is seeking to:  (i) expand by an additional 6 outlets,  (ii) renovation of 15 existing outlets, (iii) improve its E&S standards,  (iv) purchase kitchen and other operating equipment, and  (v)  supplement its working capital with the provision of incremental working capital The Project will provide the company with long-term financing to expand its no of outlets. In addition, the Project will enable the company to achieve the following:  Employment: anticipated that the project will create approx. 450 permanent jobs. Gender Promotion: anticipated that two thirds of jobs created will be filled by women. E&S Standards:  project will assist the company to meet international food quality standards and affordability. Suppliers: project will enable the development of other downstream businesses as well as food inputs. Skills: Through the introduction of professional management brought in by AMSCO, Nigerians who work for Tantalizers will be able to acquire new skills in the food industry. Taxes: The project is likely to make additional contribution to public revenues via increased taxes as well as those paid by suppliers of goods and services to Tantalizers.
ABN MF Bank Loan AB MFB is an existing client of IFC. AB MFB received its banking license on November 3, 2008, and started operations on November 10, 2008. It offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) and other clients in the lower income strata. A limited liability company duly incorporated in Nigeria and regulated by the Central Bank of Nigeria as a microfinance bank.  The proposed project involves a local currency loan for IFCs own account of up to NGN800 million (~US$5.0 million) to support the growth of loan portfolio and expansion of AB Microfinance Bank (AB MFB) based in Nigeria. (i)The project will enable AB MFB to grow its loan book by an additional 3,000 loans and is expected to result in an IDG count of approximately 10,000, excluding the IDG count resulting from the rights issue in November 2012; (ii)The project will also strengthen the ability of AB MFB to grow its balance sheet, transform into a national microfinance bank and position itself as one of the role models in the microfinance sector in Nigeria. (iii)IFC''s partnership with AB MFB will support its transformation from a local operator to a national operator, which will diversify its operations and strengthen its competitive advantage over other players that operate only in Lagos ; (iv)The project will indirectly create jobs by enhancing the ability of small businesses to survive, expand and provide employment opportunities ; (v)Strong demonstration effect by encouraging other FIs, especially local banks, to extend financing to the microfinance sector and thus assist in bridging the financing gap in the market ; and (vi)Potentially create positive spill-over in the microfinance sector by supporting a strong partner with good risk management and corporate governance practices.
AEF Mid-East Nigeria Limited Summary Of Project Information (SPI)       Project Name    Nigeria-Mid-East (Nigeria) Ltd.            Region    Sub-Saharan Africa        Sector       Project No007358   Projected Board DateMarch 29, 1996   Company NameMid-East (Nigeria) Ltd.   Technical Partner and/or Major Shareholders    	Mr. E.O. Chiemeka and family, all Nigerian nationals.     Project Cost Including proposed IFC investment    	Project cost estimated at N28.3 million (US$332,706 equivalent). Equipment will be purchased from Gordon Simmonds Partnership, U.K. who will also provide Mid-East with technical support.  IFC has been asked to provide a loan of US$184,000.00 equivalent.    Location of project and Description of site    	The expansion will be at the Companys current factory site at MCC Uratta Road, Owerri, Imo State, Nigeria.    Description of Company and Purpose of Project    	A family owned company which manufactures and installs Plaster of Paris (POP)(derived from gypsum) ceiling tiles.  The project will expand production capacity from the current annual installed capacity of 40,000 square meters to 103,000 square meters. POP, the principal raw material, is available in Nigeria.                                                                                                                        	IFC will provide a medium-term foreign currency loan to: (i) import equipment; (ii) increase use of local raw materials; (iii) help further develop an indigenous entrepreneur who has shown substantial initiative in moving away from trading.                                                                           Environmental Category and Issues    	This is an environmental category B project. The environmental, occupational health and safety issues to be resolved on this project include liquid and solid waste disposal and recycling, worker exposure to dust and noise, fire protection and general plant safety. Liquid and solid waste disposal involve mainly semi-solid or solid gypsum. Gypsum will be deposited in a designated area and subsequently transported to the gypsum manufacturer for recycling.  Worker exposure to dust will be accommodated by use of filter masks, appropriate clothing and footwear, ceiling fans, wash down showers and periodic health examinations. Noise is not an issue. All raw materials are incombustible. Fire protection and general plant safety will be met through fire extinguishers and measures noted above. IFCs Technical & Environmental Department concludes that the project is being designed to meet the Government of Nigerias requirements and World Bank policies and environmental, health and safety guidelines.     The  is  Information Center.       Date SPI sent to PIC     February 22, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Advans Nigeria The proposed investment involves an IFC equity, debt and advisory services package to help establish La Fayette Nigeria Microfinance Bank Limited (La Fayette Nigeria or the Company), a greenfield microfinance institution to be located in Oyo State, Nigeria (the Project). The Project is expected to address the severe lack of access to affordable financing in the region. The Company is expected to help reduce unemployment and poverty in the western state of Oyo by: (i) increasing access to microfinance services; (ii) supporting the development and growth of the local MSME finance sector; and (iii) serving as a role model for good practices in the sector.
GTFP Union PLC The project consists of an investment of up to US$ 40 million in Union Bank of Nigeria Plc (Union Bank or the Bank) in the form of a trade finance guarantee facility for transactions with tenor up to one year. This is part of the GTFP program (https://disclosures.ifc.org/#/projectDetail/SPI/23898) 1. 	 Rebuilding Confidence in the Market  Due to the current economic crisis as a result of Covid-19, and the drop in crude oil price, most correspondent banks are freezing their existing lines and/or reducing their exposure to Nigerian banks. The engagement with Union Bank will send a positive signal in general, to investors and other international financiers.     2. 	 Increasing Trade in an IDA Country - Increasing supply of capital and consumer goods in an IDA country, leading to jobs, food security and wealth creation.     3. 	 Access to Trade - Increasing access to trade finance solutions by corporate and SME clients that the Bank serves. The line will support trade activities that promote critical sectors such as Fast-Moving Consumer Goods (FCMG), Manufacturing, Agriculture, Services, Oil & Gas, Telecommunication and Construction.
Promasidor Nigeria Limited Proposed investment is a corporate financing A loan to support the modernization, expansion, diversification of Promasidor Nigeria Limited (the Company or PNG), a fast moving consumer goods (FMCG) food processing company in Nigeria. (i) Several hundred indirect jobs are expected to be created through the value chain as the Company will distribute its products through hundreds of SME wholesalers, semi-wholesalers and retailers.  (ii) Increased availability and access to quality, more affordable nutritious food products for Base of Pyramid consumers in Nigeria, thereby improving their diet and nutrition. (iii) Developing local supply chains for raw material sourcing in Nigeria.
Indorama Eleme Petrochemicals Limited- Efficiency project Indorama Eleme Petrochemicals Limited (IEPL) is an integrated petrochemical company with a liquids cracker and downstream polyethylene (PE) and polypropylene (PP) production, located in Port Harcourt Nigeria. IEPL is the largest producer of polyolefins in West Africa, and the 2nd largest in Sub Saharan Africa.    The proposed investment is for up to US$64 million in A Loan and up to US$9 million concessional senior loan from IFC as implementing entity of the IDA PSW Blended Finance Facility (BFF) to IEPL, to finance the debottlenecking (DBN) of its olefins and polyolefins plant, including installation of a new furnace that will expand production capacity, and two Heat Recovery Steam Generators (HRSG) to recover energy and improve steam reliability, with significant efficiency upgrades that will reduce gas consumption, increase energy efficiency and reduce CO2 emissions, at the existing Eleme Petrochemicals site in Port-Harcourt, Nigeria. The most significant expected Project-level outcomes are: (i) the economywide effects via value addition; ii) the environmental effects from savings in the consumption of fossil fuels and GHG emissions reduction. Beyond the Project, IFC anticipates the potential to promote market sustainability through a demonstration effect.
Loan to LAPO Microfinance Bank, Nigeria The proposed project will support the expansion of LAPO Microfinance Bank (LAPO MFB), which was created by the transformation of the microcredit activities of Lift Above Poverty Organisation into a regulated financial institution in 2010. LAPO MFB provides credit and savings services to its target market of micro entrepreneurs, most of whom are small-scale traders in urban and peri-urban areas. LAPO MFB also works with partners to provide insurance coverage and health and educational services to its clients. It currently serves over 500,000 clients across more than half of Nigerias 36 states and is expected to reach more than 2 million clients during the life of the project. The project will have a high development impact considering that microfinance has been shown to play a major positive role in sustainable reduction of poverty and unemployment in developing countries. It will deepen financial inclusion in Nigeria, where access to finance remains extremely limited for low-income populations. IFC''s support to LAPO MFB is expected to have a strong demonstration effect and encourage the professionalization of locally-sponsored institutions, especially NGOs seeking to transform into microfinance banks.
Dangote Industries Limited The Project is the DFL Project. DFL Project - means the fertilizer project undertaken by DFL for the construction and operation of a greenfield fertilizer plant with a capacity per annum of 2.6 million metric tonnes of urea, located in the Lekki Free Trade Zone in Nigeria. The Project is expected to:  (i) support the Nigerian Government''s initiative to increase fertilizer usage to 50kg/ha to improve agricultural yield; (ii) lower GHG emission as the Project will use approximately 60 million MMBTU of gas annually, of which a significant amount is expected to be associated gas which would otherwise be flared (iii) provide 5000 jobs during construction and 800 direct jobs post-construction ;(iv) send a strong message to other investors to seek similar opportunities in the manufacturing sector and areas where Nigeria has a comparative advantage over other countries once the Project is successfully implemented; (v) reduce reliance on imports, save foreign exchange, while the export sales will increase foreign exchange generation and (vi) help develop the nascent manufacturing sector in Nigeria by installing competitive new industrial capacity in the country.
AEF Bailey Bridges (Nigeria) Limited Summary Of Project Information (SPI)       Project Name    Nigeria-Bailey Bridges (Nigeria) Limited             Region    Sub-Saharan Africa        Sector       Project No004720   Projected Board DateMarch 29, 1996   Company NameBailey Bridges (Nigeria) Limited   Technical Partner and/or Major Shareholders    	Bailey Bridges Limited is owned in equal proportions by four Nigerians and a British citizen.  Messrs. Tete Mbuk and Ikpeme are the principal sponsors.  Technical partner is Adasco UK Limited; a company incorporated by the shareholders of Bailey Bridges to handle foreign liaison for Bailey Bridges.     Project Cost Including proposed IFC investment    	Total project cost is estimated at N45.2 million (US$532,000 equivalent).  IFC has been asked to provide a loan of US$117,000.     Location of project and Description of site    	The pontoon will operate across the Orashi River, about 1-1/2 hours drive from Port Harcourt in Rivers State, Nigeria.     Description of Company and Purpose of Project    	The Company specializes in the supply, installation and operation of prefabricated steel bridges for the oil industry for access to on-shore oil field locations.  The Company recently diversified into the hiring of ferry pontoons to the oil industry.  The proposed project is to purchase, install and operate a 110 MT pontoon ferry for Nigeria Agip Oil Company under a three year contract.                                    	The project will strengthen an indigenous company in the oil service sector, and provide new opportunities for employment.  The surrounding villages will benefit from the pontoon operation through free transportation across the river.  By providing financial assistance to Bailey Bridges, IFC will develop indigenous entrepreneurship in a large, lucrative sector.    Environmental Category and Issues    	This is a category B project.  The main environmental issues include fuel storage, recycling, proper disposal of all motor fluids, safety around heavy equipment, proper disposal of bilge waste, fire safety, provision of life preservers and life boats as appropriate, and emergency response preparedness.  The sponsors have agreed to conform to World Bank environmental guidelines. According to the Environmental Division, no Environmental Review Summary was prepared for this project as its IPR approval predates the requirement for an ERS on AEF projects.       Date SPI sent to PIC     February 22, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Star Paper Project Star Paper Mill Limited (Star Paper or the company) is in the final stages of completing a $28 million expansion of its existing paper manufacturing/conversion plant in Owerrinta, Abia State, Nigeria and is seeking IFCs assistance with refinancing short/medium term loans and funding additional capital expenditure.  Star Paper began commercial production on the new 60-65 tonne/day tissue machine in May 2006 and has more than doubled its production capacity from 20,400 tons to 44,200 tons of jumbo reels per annum.  This project is the first phase of a larger program aimed at increasing the total plant capacity to 73,200 tons per annum. The project will benefit the country by transforming recycled paper into converted tissue paper and thereby avoid importing tissue jumbo reels.  Since tissue has a high volume to weight ratio, its per ton transportation cost is approximately five times that of recycled paper.  Handling and distribution costs are also reduced.  In addition, the project almost doubles the value added of producing converted paper by going further up the input stream to recycled paper. The project has resulted in the employment of 106 additional staff and it will support the viability of an important source of employment for up to 900 people in the company who are mostly from the poor region of the oil producing Delta region of Nigeria.   

Non-quantified development impacts include: Environment, Social, Health, and Safety: The company significantly contributes to collecting and recycling wastepaper generated in Nigeria, as it is the raw material it utilizes to produce paper.  By adopting IFC's environmental health and safety standards, the company will adhere to stricter international practices, while providing its employees with safer working conditions.  The host community will also benefit through greater direct and indirect employment in the area.  The presence of the company in the area has enabled the community to have access to reliable power supply and improved infrastructure.
Wings SouthSouth The proposed investment is to support the Wings Group of Nigeria (Wings or the Group) with the development of a greenfield detergent manufacturing facility in Nigeria (the Project). In addition, the Group is also planning to develop a greenfield food manufacturing facility (Food Facility) in Nigeria. Both the Project and the Food Facility will be owned majority by the Wings Groups.   The Wings Group is headquartered in Indonesia where it has various operations and the Group commissioned its first powder detergent facility in Nigeria in September 2007. This facility is located at Igbessa in the OPIC Industrial Estate situated in Ogun State some 40 kilometers from central Lagos.  The Project is being constructed on an adjacent 3.6 hectare site and is expected to be commissioned in August 2013.   The Group is still in the preliminary stages of designing the Food Facility with limited information on the project currently available. However, Wings has extensive experience in such operations in Indonesia and is assessing various possible locations for this facility. Expected development impacts are (i) increasing the supply of quality and affordable detergents in Nigeria, (ii) enhancing food safety and quality standards, (iii) transfer of skills, knowledge and industry best practices from an established group into Nigeria and (iv) creation of 1200 new jobs in Nigeria.