devinitorg/iati-policy-markers huggingface dataset:
Citibank Nigeria Citibank Nigeria is sponsored by Citibank N.A.    - Project Cost Including proposed IFC investment    Total project cost is estimated at $40 million.      -Location of project and Description of site: Nigeria    -Description of Company and Purpose of Project    The project involves an IFC loan of up to US$40.0 million to Citibank Nigeria (the Bank) to be  on-lent to private Nigerian enterprises for rehabilitation, trade finance, working capital and new investment projects. The project constitutes IFCs first term finance facility in Nigeria in almost 10 years.  Citibank Nigeria was incorporated in 1984 as a joint venture between Citibank N.A. (40%) and private Nigerian investors (60%) under the name Nigeria International Bank Ltd (NIB). However, following 12 years of successful operations and strong profitability, Citibank N.A. in 1996 increased its stake to 75% thereby assuming majority ownership of the Bank and changing its name from NIB to Citibank Nigeria.  Citibank is considered as one of the most innovative banks in Nigeria providing diversified products to its customers including the provision of short and medium term foreign currency loans. The Bank''s reputation has been built on its strong credit risk management, good loan quality, strong profitability, internal controls and good service quality. As at the end of 1998, the Bank had ten branches throughout Nigeria.     - Environmental Category and Issues    This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental review procedure. Citibank Nigeria will be required to undertake an environmental review of each sub-project to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and, if applicable, World Bank Group environmental, health and safety guidelines. IFC will assess the Bank''s capability to carry out environmental reviews. Diamond Bank Nigeria must obtain IFC clearance prior to making any investment with IFC funds in any Category A project.     The  is  from the InfoShop.       Host country location of environmental documents    Nigeria      Date SPI sent to InfoShop February 1, 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
Investment Banking and Trust Company Limited Summary Of Project Information (SPI)    Project NameNigeria - IBTC    RegionSub-Saharan Africa   Sector   Project No010156   Projected Board DateMay 23, 2000   Company NameInvestment Banking & Trust Company Ltd.   Technical Partner and/or Major Shareholders    	The sponsor is Investment Banking & Trust Company Ltd. (IBTC). IBTC is a merchant/investment bank established in 1989 as a limited liability company in Lagos, Nigeria. The bank is owned and managed by private sector Nigeria citizens. The major shareholders of the bank are its management and staff.    Project Cost Including proposed IFC investment    	IFC participation is an A loan estimated at US$ 20.0 million.    Location of project and Description of site    	IBTC is located in Lagos, Nigeria.     Description of Company and Purpose of Project    	IBTC has established itself as the leading providers of wholesale banking and financial services products in the Nigerian market and has a strong market share in the areas of its specialization including mergers & acquisitions, divestitures, corporate, project and trade finance as well as in general corporate restructuring.   The project involves an IFC term loan of up to US$20.0 million to IBTC to be on-lent to private Nigerian enterprises for rehabilitation, project finance, trade finance, working capital and new investment projects. A recent mission by both the World bank and IFC concluded that the provision of significant term-finance resources to Nigerias private sector is of an immediate priority in reviving the country''s economy.  The proposed investment is therefore intended to address some of this demand. The project is part of an overall IFC/World Bank strategy to strengthen Nigeria''s financial sector with the provision of term resources, capacity building, equity participation and technical assistance.      Environmental Category and Issues    	This is a Financial Intermediary (FI) Type 2 project according to IFC''s environment review procedure.  IBTC will be required to undertake an environmental review of each sub-project to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and if applicable, World bank Group environmental, health and safety guidelines.  IFC will assess the Bank''s capability to carry our environmental reviews.  IBTC must obtain IFC clearance prior to making any investment with IFC funds in any category A project.    Date SPI sent to InfoShop April 14, 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   facsimile: (202) 974-4384
Persianas Group Persianas Group (the Company or Persianas) is the developer of the first, internationally specified, purpose-built mall (The Palms Shopping Mall) in Nigeria. The Companys existing portfolio comprises the Palms Shopping Mall and Polo Park Mall in Lagos and Enugu State respectively which are in operation and two other malls in Kwara and Oyo States that are under development. The Companys vision is to develop and list Nigerias first investment grade real estate portfolio. The Nigerian real estate sector is expected to produce high growth in the medium term driven by the recovering economy, and other high growth sectors of commerce, construction, telecommunications, and a recovery in the financial services sector. This is expected to lead to demand for real estate product in all sectors in an environment where there is a dearth of quality stock of real estate and the market is undersupplied. To address Nigerias vastly underserved commercial property, Persianas is undertaking a restructuring and expansion of its operations which involves the: i) building and development of new retail and mixed used centres; ii) establishment and development of a professional asset management company; and iii) restructuring of the Companys balance sheet (The Project). At completion, the new Project is expected to provide at least approximately 140,000 square meters of business infrastructure. The Project is expected to have the following impacts:  i) Improvement of food security - rollout of modern food retailing as planned anchor for every development. ii) Direct and indirect employment - retail and service jobs; possibility for linkages.  iii) Tax revenues will accrue to the government. iv) Development of critical business infrastructure in Africa''s second largest market, and most populous nation. v) Elevation of commercial real estate standards - throughout the country. vi) Better aesthetic environment, particularly states outside Lagos undergoing redevelopment.
FSB INTERNATIONAL Summary Of Project Information (SPI)    Project NameNigeria - FSB    RegionSub-Saharan Africa   Sector   Project No010132   Projected Board DateApril 28, 2000   Company NameFSB International Bank Plc   Technical Partner and/or Major Shareholders    	The sponsor is FSB International Bank Plc., a leading commercial bank in Nigeria, with a wide network of 13 branches located in the major commercial centers of country.    Project Cost Including proposed IFC investment    	IFC participation in the form of an A loan is estimated at US$15 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 US$15 million to FSB International bank Plc to be on-lent to private Nigerian enterprises for rehabilitation, project finance, trade finance, working capital and new investment projects. A portion of IFC''s loan will be convertible to equity to enable IFC to have a 10% stake in FSB when its privatization process is completed. A recent mission by both the World bank and IFC concluded that the provision of significant term-finance resources to Nigerias private sector is an immediate priority in reviving the country''s economy. The proposed investment is therefore intended to address some of this demand. IFC''s equity participation will depend on the completion of the privatization process, which culminates with the identification of a suitable partner.    Environmental Category and Issues    	This is a Financial Intermediary (FI) Type 2 project according to IFC''s environment review procedure.  FSB will be required to undertake an environmental review of each sub-project to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and if applicable, World bank Group environmental, health and safety guidelines.  IFC will assess the Bank''s capability to carry our environmental reviews.  FSB must obtain IFC clearance prior to making any investment with IFC funds in any category A project.    Date SPI sent to InfoShop March 28, 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   facsimile: (202) 974-4384
Accion Ng Loan The proposed project involves a local currency loan for IFCs own account of up to NGN400 million (~US$2.43 million) to support the expansion of the lending activities of Accion Microfinance Bank Limited (AMfB or the Company) to micro and small enterprises in Nigeria.     The Company was established as a Central Bank of Nigeria (CBN) regulated microfinance bank in 2007 and  has 23 branches in Lagos. i)	The project will contribute to poverty reduction by supporting economically viable activities that generate employment and income as the company expects to create additional loans. ii)	Financial sector development via the provision of a local currency facility. iii)	Project will expand access to credit for low income micro entrepreneurs in Nigeria, further enabling them to improve their economic livelihood.
Accion Nigeria The project, entails establishing a greenfield microfinance institution (MFI), Accion Nigeria, that will specialize in providing financial services to micro and small enterprises, and low-income individuals in Nigeria. In its business operations, Accion Nigeria or the company will focus on credit extension and provision of financial services to private micro and small enterprises, salaried workers, private individuals and the general public.  The purpose of the project is to expand crucial financial services to a sector that rarely has access to services offered by formal financial institutions.
Obajana Project The project involves the construction and operation of a greenfield cement plant with a capacity of 4.4 million tons per annum (p.a.) at Obajana, Kogi State, Nigeria.  The project is located 220 km southwest of Abuja and consists of the following components:  -  a cement plant and limestone quarry  -  a 135 MW captive power plant,  -  a 90 km natural gas pipeline,  -  a 351 unit housing complex for staff,  -  an earth dam and water reservoir to meet the project''s water requirements, and 500 trucks for cement transportation.  -  The project company is Obajana Cement Company Plc (OCP or the company). The project will fill a supply gap in the Nigerian cement market, where over 75% of the annual consumption of 10.6 million tons is imported.  It will use locally available limestone and natural gas to produce cement at a production cost that is expected to be below the current importation cost.
Capital Alliance Property Investment Company Capital Alliance Property Investment Company (CAPIC or the Fund) will invest in property developments including residential, commercial, retail, hospitality and mixed properties in West Africa, with a strong focus on Nigeria.  The Fund is a closed-end regional real estate fund formed by Capital Alliance Real Estate Manager Ltd (CARE Manager or the Investment Advisor). There is significant demand for residential, office, retail and hospitality real estate in the major commercial cities of Nigeria yet, at the same time, developers have been held back by an acute shortage of long-term capital.  Cities like Lagos suffer from the lack of good urban infrastructure and planning.  

The Fund can act as a catalyst by financing quality developments on time and on budget, and to the agreed specification.  CAPIC will perform extensive due diligence on co-developers before partnering with them.  It will require that proper attention will be given to design, engineering, contracting strategy, project management and financing during the pre-implementation phase

The Funds involvement in the sector will help to enhance the environment, social and governance standards of the developers with whom the Fund works.
Diamond Bank II The project consists of a line of credit of up to $30 million to Diamond Bank Limited (DBL or the Bank), one of the largest new generation banks in Nigeria. The project's main objective is to address the scarcity of term finance in Nigeria, which has forced Nigerian commercial banks to rely on their capital, or take the maturity risk in order to finance longer-term projects. The proposed investment allows IFC to address part of these constraints by making available foreign exchange term resources through an efficient financial institution.
Eleme Fertilizer II The Project involves the expansion of an existing fertilizer facility located in Port Harcourt, Nigeria. The Project will double the capacity of the existing plant from 1.4 million tons per annum to 2.8 million tons per annum and is owned by Indorama Eleme Fertilizer & Chemicals Limited ("IEFCL" or the "Company"), a long time repeat IFC client. The Project is expected to cost US$1.1 billion and will be funded with an IFC A Loan of up to US$120 million, a MCCP loan of US$50 million, and up to US$830 million in B Loan syndication and parallel loans along with US$100 million equity subscription by the shareholders. The Project will promote (i)economic diversification in Nigeria; (ii)direct and indirect employment; (iii)strong environmental sustainability by redirecting polluting wasted flared gas to productive use and introduce best in class energy and resource efficient technology; (iv)improvement in accessibility and supply of quality fertilizer to farmers; and (v)building of value chain linkages by supporting the local government to integrate smaller local NPK manufacturers into the domestic value chain.
Indorama Eleme Fertilizer-III The Indorama Corporation (Indorama or the Group), a Singapore-based holding company, is a long standing, repeat IFC client. Over the last 3 decades, IFC has supported Indoramas entry into high-risk markets, helping it grow from a mid-sized, domestically focused business into one of the worlds fastest growing petrochemical and fibre companies.   In June 2016, Indorama successfully completed a 1.4 million metric ton per annum (MMTPA) urea fertilizer facility (Line 1) in Nigeria via Indorama Eleme Fertilizer and Chemicals Limited (IFL or the Company), making it the first major fertilizer export plant in Nigeria and one of the few in Africa. For Line 1, IFC provided a US$150 million (mn) A Loan, a US$75mn B Loan and mobilized US$150mn from several development finance institutions (DFIs).   IFL constructed a second urea fertilizer line located at the same site as Line 1, which increased capacity from 1.4 MMTPA to 2.8 MMTPA (Line 2). To support Line 2, IFC arranged in June 2018, financing totalling US$1 billion (bn), comprising of US$120mn A Loan, US$550mn B Loan, and US$330mn parallel loans. Line 2 was completed in April 2021. Both Line 1 and 2 projects are in operation, with capacity to produce a combined 2.8 MMTPA of urea.   IFC also financed the construction of a Feed Conditioning Unit (FCU), an add-on gas processing facility to Line 2. IFC provided a US$35mn A Loan and mobilized US$115mn in B/Parallel loans from commercial banks and other DFIs.  Indorama is now planning the construction of a third urea fertilizer line within the same complex as Lines 1 and 2 in Port Harcourt, Nigeria, which will increase current capacity from 2.8 MMTPA to 4.2 MMTPA (Line 3). A dedicated jetty/port terminal with sufficient capacity to export all the Line 3 urea, and to be located approximately 20 kilometres from the IFL site, is also planned (Line 3 Jetty) (Line 3 and Line 3 Jetty together the Project). The Project will promote (i) increase in value addition and export revenue for the Nigerian economy; (ii) direct and indirect employment; (iii) strong environmental sustainability by redirecting polluting wasted flared gas to productive use as feedstock; (iv) improvement in accessibility and supply of quality fertilizer to farmers; and (v) the resilience of the global food supply market through increased availability of urea.
Socketworks II Socketworks Limited (Socketworks or the company) is a privately held Nigerian limited liability corporation.  It was established in June 2002.  It has been supported by the IFC since this time by way of capacity-building and advisory support services through the African Project Development Facility (APDF) as well as a loan (signed in February 2006).  Socketworks is a software and outsourcing company that aims to provide packaged ICT solutions to its clients.      In the education market, it has developed software (trademarked CollegePortal) that has been endorsed by the Nigerian Universities Commission as the most suitable management software for Nigerias universities.  Socketworks packaged solution for universities is helping universities automate their processes (eg: student admissions and registration, course selection, course management, exam management, facility management) that are currently done manually and is providing internet access that would not otherwise be available.  These services are making an enormous difference to universities in Nigeria that otherwise have no ICT systems.  The company has also begun implementing e-Government contracts to automate and improve the efficiency of various government services such as immigration and pensions.    The proposed IFC investment will be comprised of equity and/or debt financing for the following:    -  Implementation of 19 polytechnics contracts in Nigeria, each consisting of a bundled solution, involving the provision of both hardware and software to each institution. -  Expansion of the SocketWorks into Sierra Leone, Ghana, Uganda, Liberia, and Kenya as well as the implementation of new university and e-Government contracts in each new country. The investment in Socketworks fits well with IFCs overall developmental objectives because universities in Africa are essentially devoid of information technology.  Computing and internet facilities do not exist.  The provision of modern IT equipment is expected to dramatically improve the education provided in Africa because it will enable students and faculty alike to access the latest publications and knowledge from the World Wide Web.  It will also improve the efficiency of the administration of African universities, freeing up resources for more productive uses.  Similar benefits are expected in the various government departments where SocketWorks has signed or plans to sign contracts.
Microcred Microfinance Bank Nigeria Limited The project will support the creation and expansion of a new microfinance bank MicroCred Nigeria Microfinance Bank Limited (MC Nigeria or the Bank) in Kaduna State of Nigeria. The Bank will provide a broad range of financial services to micro, small and medium enterprises (MSMEs) and lower income populations in Nigeria. The Bank obtained its license from the Central Bank of Nigeria in January 2010 and commenced operations in March 2010. The Bank expects to serve approximately 32,000 borrowers and 76,000 depositors by the fifth year of operations The project will have a high development impact considering that microfinance has been shown to play a major positive role in reducing poverty and unemployment in developing countries. The initiative will strengthen the provision of microfinance services in Nigeria, where access to finance remains extremely limited for low-income populations. By supporting a new institution able to sustain microfinance on commercial terms and following best practices, the project has the potential to generate a substantial increase in the long-term availability of financial services for the poor. The project will also have a demonstration effect by showing local financial institutions that microfinance can be sustainable and generate commercial returns.
Indorama Port The Project (Indorama Port) consists of the development of a multi-purpose port terminal at Onne in Port Harcourt, Rivers State, Nigeria (the Project), which will support the export of fertilizer produced by Eleme Fertilizer, an existing IFC investee company. Indorama Port is a joint venture between Indorama Eleme Petrochemicals Limited (Eleme Petrochemicals) and local partner Oil and Industrial Services Ltd. (OIS or the JV partner). Part of Indorama Ports berth will handle the bulk urea which will be operated by Indorama and the other part a dry material area to load items servicing the off shore oil industry (operated by the JV partner). The port terminal will have capacity to handle up to 2 million tons of dry bulk Urea, 12,000 twenty-foot equivalent units (TEU) of containers and 150,000 of break-bulk cargo per annum; it will be ISPS code compliant. Eleme Fertilizer is a nitrogenous Fertilizer Complex at the existing Eleme Petrochemicals site in Port-Harcourt, Nigeria, and includes an Ammonia plant, a Urea production plant, supporting boundary infrastructure, and an 84km gas pipeline from the gas suppliers facilities; total plant capacity is 2,300 metric tons per day (MTPD) of ammonia, and 4,000 MTPD of granulated urea. Eleme Fertilizer will supply the domestic fertilizer market in Nigeria, and also export directly into the international urea market. Both Indorama Port and Eleme Fertilizer are expected to be completed and commence operations by April 2016.  IFC plans to support the Project by providing senior debt and mobilizing third-party funding. The expected development benefits from the project are the following:  (i) The Project will help facilitate exports of fertilizer produced by Eleme Fertilizer to both Sub-Saharan and international markets; thereby generating foreign exchange earnings for Nigeria particularly critical at this point owing to the collapse of global commodity prices which has hit Nigeria particularly hard.  (ii) The Project will promote economic diversification of the economy from its over reliance on crude oil by supporting domestic value addition to key natural resource (i.e. natural gas).  (iii) Employment: Creation of direct and indirect employment opportunities.  (iv) Demonstration Effect: The project is expected to have a positive signal for other foreign investors on the government''s commitment for economic diversification.