AfDB, InfraCredit sign $15m deal to address infrastructure deficit in Nigeria

The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and attract institutional investors’ resources to help close Nigeria’s infrastructure financing gap. The Board of Directors of AfDB approved the loan last year May 2023 but the deal [...]The post AfDB, InfraCredit sign $15m deal to address infrastructure deficit in Nigeria appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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