devinitorg/iati-policy-markers huggingface dataset:
BUA Cement P1 BUA Cement PLC (BUA or the Company) owns and operates two cement plants i.e., one in Sokoto State, northwestern Nigeria known as the Kalambaina plant, and another one in the Edo State, in southern Nigeria. BUA is a listed company on the Nigerian Stock exchange, and one of the largest companies by market capitalization in the country.    The project is BUAs expansion of the Sokoto Kalambaina plant (SKP) (the Project). The Project includes i) expanding cement production capacity by 6 MTPA by constructing two modern, large-scale integrated cement lines i.e., lines 4 and 5 ii) constructing 120 MW (existing 50 MW plus new 70 MW) of captive gas-based power plants; iii) installing a 10 MW solar power plant; iv) expanding the cement distribution fleet; v) expansion of quarry operations including equipment and machinery to increase associated operations; vi) constructing additional storage silos, vii) building infrastructure in support of the use of liquified natural gas (LNG) allied to additional diesel storage tanks, and viii) working capital.   Project implementation and construction is already ongoing. Through the proposed investment, IFC will support a leading cement manufacturer in Nigeria improve access to good quality cement at affordable prices in Northern Nigeria and neighboring land locked countries. IFC's
additionality in this Project comes in two forms: (i) Economy wise and employment effects in the form of contributing to GDP by supporting domestic value addition to available natural resources (i.e., limestone and clay) and creating direct and indirect jobs ; and (ii) Improved access and sustainability in the form of eliminating longdistance trips to source cement for customers in Sokoto and other northern regions as well as support cleaner power generation solutions not widely present in the northern parts of Nigeria. The Project will also include provisions of IFC's value-add advisory services as outlined above.
Hygeia II Project Hygeia Nigeria Limited (HNL or the Company), headquartered in Lagos Nigeria, is an integrated health care company offering both hospital and health maintenance organization (HMO) services to the formal sector.  The Company owns and operates three Lagoon Hospitals in Apapa, Ikeja and Victoria Island.  In addition, HNL manages 14 worksite clinics and provides HMO cover for over 250,000 lives through a network of over 1400 clinics and hospitals throughout Nigeria.    This is a repeat investment by IFC in the Company.  IFC initially invested in HNL in 1999 through the African Enterprise Facility and this project is now complete.  Subsequent to this, in 2007 IFC undertook a further investment in HNL to facilitate renovation and expansion of the hospitals, assist with implementation of information technology system, refinance debt and provide working capital.  This investment is still in progress.     The Company is undertaking an expansion of it hospital network (Lagoon Hospitals) and Health Management Organization (HMO) operations through:     - the upgrade of existing information technology (IT);    - construction of a 30-bed hospital; and    - construction of an oncology centre at one of its hospitals in Lagos including an additional 20 beds (the Project). The Project is expected to have a strong development impact by increasing availability of quality healthcare including renal and oncology services which are currently in short supply in Nigeria.  In addition, the Project will increase access to quality healthcare through the expansion of lives covered through HNLs HMO operations.  Lastly, through improvements in operational efficiencies and quality standards, the Project will demonstrate best-in-country administrative and patient care practices throughout the medical community.
Leadway Project The proposed project intends to strengthen and expand the operational capacity of Leadway Assurance Company Limited (Leadway, or the company), one of the leading insurance companies in Nigeria.  The investment proposal envisages an equity contribution of up to $14 million by IFC and an institutional building program for the company at a key stage in its strategic development.    Leadway was founded in 1970 by the late Sir Hassan O. Odukale and commenced operations in 1971.  The company provides a full range of both life and non-life insurance products and allied financial services through a network of sixteen branches and key broker relationships spread across Nigeria.  For the period ended 31st December 2005, the company generated gross premium income of N4.5 billion ($35.4 million), and had a balance sheet size of N10.3 billion ($80.4 million). The potential developmental, institutional and capacity building impact of the project is high.  The proposed IFC investment in Leadway will help support the development a leading local insurer, promote the overall market for private insurance in Nigeria, and will in turn help reduce the amount of capital leaving the country for the accounts of non-Nigerian insurers.  Insurance companies have a disproportionately high impact on developing economies because they are necessarily large investors who directly affect the general economy through their operations.  In order to settle claims that may arise, insurers invest excess premium income to build a portfolio of financial assets and income-producing real estate which can then be called upon to pay off any future claims that arise.  A vibrant insurance industry can be a reliable source of long-term capital.  The provision of quality insurance is therefore crucial for the development of a healthy and dynamic private sector and long-term capital markets in Nigeria.
Zenith Bank SSL Zenith Bank is a leading Nigerian bank which commenced operations in 1990 and became publicly listed on the Nigerian Stock Exchange in 2004. The bank is one of Nigeria''s largest banks by total assets and provides an array of commercial banking services to corporate, commercial and individual customers within and outside Nigeria.  IFC proposes to provide Zenith Bank with a Straight Senior Loan of up to US$ 100 million to support long-term lending including to infrastructure projects. 1. Inadequate infrastructure (especially in the power sector) is a key impediment to private sector development and improved livelihood in Nigeria. This project will contribute to reduce the funding gap for infrastructure projects.  2. The project supports the infrastructure sector which is as a major growth segment of the Nigerian economy with significant potential for creation of direct and indirect jobs.
Accion Nigeria Loan 2 table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }   This project aims at supporting the expansion of the lending activities of Accion Microfinance Bank Limited (AMfB) to micro and small enterprises in Nigeria. The proposed investment consists of a local currency loan for IFCs own account of up to NGN1.0billion (~US$3.2million). i.	Job creation: By expanding access to funding sources to Accion's clients, the project will facilitate employment opportunities and poverty alleviation; and
ii.	Institutional development: IFC's long term funding will support the continued institutional development of the Bank, help manage balance sheet risk and broaden the mix of loan products available to its clients.
WCS CR Coronation Merchant Bank The proposed investment consists of a working capital facility of up to US$20 million to Coronation Merchant Bank Limited (the Bank or Coronation MB) under an IFC dedicated COVID-19 Emergency Response WCS Envelope (the WCS Facility). The WCS Facility is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. Resilience: in the context of the shock associated with the COVID pandemic, IFC will, through the proposed investment, support the Bank's capacity to sustain operations and particularly lending to critical sectors of the Nigerian economy.
Increase in access to finance: The proposed investment is expected to increase access to finance for players in key sectors of the Nigerian economy by helping the Bank scale up its trade-related financing to enterprises in Nigeria, which in turn is expected to drive economic growth and job creation.
Investment Banking & Trust Company Plc The project consists of a line of credit of up to $30 million to Investment Banking & Trust Company Plc (IBTC 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.
UPDC Hotels Limited The project involves the redevelopment by UACN Property Development Company PLC (UPDC) of a recently privatized hotel complex in Lagos, Nigeria, into: 
-  a 432-room, three-star hotel, targeting the mid-market; 
-  conference facilities; 
-  a business center and health club; and 
-  retail and commercial office space.  
The project is aimed at the large mid-market in Nigeria that would prefer not to stay in the four/five star accommodations available in Lagos and is underserved by hotels specifically targeted at that sector.
AIICO Project AIICO is a leading insurance company in Nigeria with two principal business lines: life insurance and non-life insurance. The company also has three non-core business lines: asset management, health management and pensions.  It commenced operations in Nigeria in 1963 as an agency office of American Life Insurance Company (ALICO), a subsidiary of American International Group (AIG). AIICO was then incorporated, registered and licensed in Nigeria in 1970 as a wholly owned subsidiary of AIG to offer life, pension products and insurance services. Although it was originally established as a life insurance business, the Company has since diversified into other financial services through its subsidiaries: Multi-shield HMO limited (92%), AIICO Capital Limited (100%), and AIICO Pension Managers Limited (58%).   The proposed investment consists of up to US$20 million in senior convertible loan to support the Companys growth in Nigeria through the expansion of its agency and retail hubs, improvement of its technology platform, and new product development. 1.	Insurance Sector Development: IFC''s support for AIICO will enhance the growth and development of the Nigerian insurance sector, thus improving the sector''s contribution to the Nigerian economy. 2.	Entrepreneurship and Employment: IFC''s involvement in the insurance sector through AIICO will promote growth of business activities and employment in Nigeria. AIICO plans to increase its agent count by more than 4000. 3.	Social and Financial Stability: Support long-term savings and thereby reduce pressure on public social schemes.   4.	Long-Term Funding Source: IFC''s support for AIICO will also facilitate the generation of long-term funds through the growth of insurance premiums, thereby buttress the country''s nascent capital markets.
Grooming II The proposed project will support Grooming People for Better Livelihood Centre (Grooming Centre), a microfinance institution targeting micro entrepreneurs. More than 90% of Groomings clients are female borrowers that run small-scale trading and production businesses. The project will allow Grooming to fund its expansion of active borrowers (all of which are microenterprises) across Nigeria significantly by the end of 2019. 1) Access to Finance: The project will provide long-term access to finance for microenterprises, including low-cost savings services, which will have positive effects on income generation, employment and growth in Nigeria. 2) Financial Inclusion: Grooming''s focus on rural/peri-urban areas will reach excluded low-income populations - who are mainly women - which other financial institutions, including most MFIs, struggle to reach sustainably. 3) Access to Health and Education: Grooming''s partnerships with health and education services providers are expected to increase access to education and services such as cancer screenings and maternity advice.  4) Financial sector development: By supporting Grooming Centre, the project will further encourage the formalization and regulation of microfinance in Nigeria.
IHS Nigeria The Project consists of an investment of up to $95 million on IFCs account and mobilization of up to $200 million to strengthen the capital structure of IHS Nigeria Plc (IHS Nigeria or the Company) to support (i) the national and regional expansion of its current operations in the areas of Tower Management and Tower Construction; and, (ii) the acquisition, leasing and maintenance of telecom towers across Sub-Saharan Africa.  IHS Nigeria was incorporated in Nigeria in 2001 as an engineering company with the primary business of building and managing sites for Telcos and third party vendors seeking to build and expand their telecom infrastructure.  With over 700 employees in various cities across Africa, the Company is preparing to bid on the acquisition of existing tower networks in Nigeria, Sudan, Tanzania and DRC to provide GSM and fixed wireless operators in those countries with an economically viable and energy efficient infrastructure sharing model which will serve as an cost effective alternative to in-house construction, maintenance and ownership of telecommunication tower sites.  In 2009, the Company became a publicly listed company, trading on the Nigerian Stock Exchange. (i) Expand mobile telephony access: With the construction of additional tower sites, existing Telcos will be able to expand the reach of their services both in terms of geography and capacity. In addition, collocation reduces the incremental cost of expanding service for all carriers thereby allowing them to service remote and economically less developed areas where ARPU and usage will be lower. (ii) Increased competition: The presence of IHS Nigeria will allow smaller and newer wireless operators to benefit from reduced barriers to entry as they will have access to leased tower facilities rather than having to build their own. (iii) Expand access to other ICT technologies:  IHS Nigeria, directly and through its subsidiaries, will be building a tower network that is capable of supporting not only mobile cellular networks, but also wireless broadband and backhaul networks, thereby improving the penetration of these technologies. (iv) Contribute to mitigating environmental impact and Climate Change: The underlying projects developed by the Company will provide a cost effective opportunity to Telcos to reduce their carbon emission footprint by sharing infrastructure. A significant benefit of sharing tower infrastructure arises from the material, energy and emissions savings that ensue from building only one tower instead of three or four.
Engee PET Manufacturing Limited Engee PET Manufacturing Company Nigeria Limited (Engee or the Company) seeks IFCs financing for the construction of a Continuous Polymerization (CP) plant in Ogun State, Nigeria, with a nameplate capacity of 150,000 metric tons per annuum (mtpa) as backward integration to an existing Solid State Polymerization (SSP) plant (the Project). The addition of the CP plant will enable the Company to backward integrate by manufacturing PET using basic petrochemicals which will increase manufacturing value addition in Nigeria. The CP line will also deepen the circular economy in Nigeria through the production of recycled PET (rPET) to improve the recovery of waste plastics in the country. The Project is expected to be supported by the IDA Private Sector Window (PSW) Blended Finance Facility (BFF). The most significant expected Project-level outcomes are: (i) economywide effects via local production and the development of the recycled plastics supply chain in Nigeria, and (ii) environmental effects through introducing recycled plastics into its business model. Beyond the Project, IFC anticipates that its engagement with the Company will significantly deepen the recycled PET business in Nigeria, thereby increasing product and process complexity in the manufacturing sector in Nigeria with opportunities to further integrate into other value chains.
Daystar Power Daybreak Power Solutions (Daybreak or the Company) is a 100% owned subsidiary of Daystar Power Group (Daystar Group). Daybreak provides clean, competitive and reliable solar hybrid solutions to commercial and industrial customers (C&I) who are receiving poor supply from the countrys grid infrastructure and/or heavily reliant on diesel for generation. Daybreaks business model is to achieve a energy cost saving for its C&I customers primarily via the displacement of diesel generation with solar and battery-based solutions.   Daybreak currently has 8.1MWp installed solar capacity across 156 sites. The Companys target is 140MWp solar capacity by 2024 via a 4-year capital expenditure program phased based on funding secured. Phase 1 deployment: 30MWp, Phase 2 deployment: 55MWp and Phase 3 deployment: 55MWp.   Daybreak is seeking to raise US$40 million to fund its Phase 1 program (the Project). The Project will be funded by (i) an IFC LCY C Loan for IFCs own account of US$10 million supported by the IDA19 Private Sector Window Local Currency Facility (PSW LCF); (ii) a US$10 million subordinated loan from IFC as implementing entity of the Canada-IFC Renewable Energy Program for Africa; and (iii) shareholders equity of US$20 million. -	The Project is expected to increase reliability and affordability of electricity for C&I customers facing unstable supply. To meet current demand, Nigerian C&I customers rely on costly self-generation (mainly diesel units and smaller gasoline-powered generators). The Project provides power system management services and alternative energy sources provided cost efficiently to C&I customers in Nigeria. It has a target to install about 30 MWp of generation capacity by 2022. By expanding alternative reliable power solutions provided cost effectively to C&I customers, the project also supports growth and job creation in the Nigerian economy.

-	The proposed investment will result in GHG emission savings in electricity generation, from the switch to solar PV from more carbon intensive fuels used in distributed power generation. Emissions savings are estimated at 32,700 tons of CO2 per annum.

-	At a market level, the Project contributes to the decarbonization of the power sector in Nigeria by supporting the achievement of scale in deploying solar PV to C&I consumers. The project supports the expansion of a pioneer in the C&I solar distributed generation industry that helps to establish a track record for solar as an alternative to carbon-intensive energy sources. It also provides market signals that help to unlock some bottlenecks faced by solar PV distributed generation, including perceptions on reliability and cost of the solution.
Access GEM Project The project consists of a line of credit of up to $15 million to Access Bank Plc (Access or the bank), one of the leading full-service commercial banks in Nigeria. The project''s main objective is to address the scarcity of term finance in general and to provide assistance to the undeserved sub-sector of women entrepreneurs in Nigeria specifically. The long term funding gap in Nigeria has historically 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. This project is expected to contribute to private sector development by providing much needed foreign currency term finance to supplement the country''s low foreign direct investment. The lack of term lending in Nigeria has resulted in lost opportunities for financial sector development and hindered the growth of the economy. IFC''s loans to Access Bank (and other financial institutions) will significantly expand access to long term funding for private companies in Nigeria and act as a catalyst in increasing much needed flow of capital into the country. In addition, by focusing on lending to the manufacturing, private infrastructure, telecommunications, small to medium enterprises and energy industries, the project will help in the diversification of the country''s economy outside the natural resources sector.
AB Microfinance Bank The project will support the creation and expansion of a new microfinance bank (AB Microfinance Bank Nigeria Limited) in Lagos State of Nigeria. The new bank will provide a broad range of financial services to MSMEs and lower income populations in Nigeria. It expects to start operations in October 2008 and aims to serve approximately 50,000 borrowers and a similar number of 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 creating 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.
FCS Moove Project Moove Africa B.V. (the Company or Moove) is leading a project to source, operate and maintain a fleet of vehicles for access to drivers, as Ubers exclusive fleet manager in Sub Saharan Africa (outside of South Africa). Uber is the largest e-hailing company in the world. Moove runs flexible rental and lease models with partnering drivers who will have the ability to own the vehicles after agreed tenures. The project supports a pioneer company running rental and lease models for ride-hailing car drivers in parts of Sub Saharan Africa where the limited supply of cars has caused severe bottlenecks for the growing ride-hailing business. This will help enhance urban mobility and improve the safety of ride-hailing services, while allowing for improved quality of cars and jobs in the industry. In addition to piloting hybrid vehicles, the project is a strong contributor to the shared economy and it enables the shift from private car use in a congested market, thus classifying the investment as climate finance. This proposed investment also supports the creation of an inclusive business model for ride-hailing in Nigeria by demonstrating a replicable model for the high participation of women in a male-dominated industry.