Project ID: 1708

China Eximbank pledges to finance agricultural mechanization efforts in Nigeria

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Nigeria

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-09-01

Description

In September 2004, the Zhejiang Sifang Group Corporation signed an MOU with the Government of Nigeria to mobilize funds from China Eximbank for comprehensive mechanization of the farming methods used by peasant farmers. Nigeria’s Minister of Agriculture, Bamidele Dada signed the MOU on behalf of his ministry. Mrs. Modupe Adelaja signed on behalf of the Small and Medium Enterprises Development Agency of Nigeria. Mr. Lin Guangping signed on behalf of the Zhejiang Sifang Group Corporation. The status of the project is unknown.

Number of official sources

0

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nigeria [Government Agency]

Implementing agencies [Type]

Zhejiang Sifang Group Corporation [State-owned Company]

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) [Government Agency]

Loan Details

Bilateral loan