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Western Africa

Nigeria's InfraCredit Gets US$15 Million Boost

Loan facility aims to unlock long-term local currency financing.

June 21, 2024

By Liz Bains
The African Development Bank (AfDB) has signed a US$15 million subordinated loan facility to strengthen the capital base of Nigeria’s Infrastructure Credit Guarantee Company (InfraCredit) so that it can attract additional resources from institutional investors to help close Nigeria's infrastructure financing gap.The agreement was signed in Lagos on 14 June.The

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