Overview

China Eximbank pledges $200 million loan for cassava flour processing plants

Commitments (Constant USD, 2023)$216,763,567

Commitment Year•2012Country of Activity•NigeriaDirect Recipient Country of Incorporation•NigeriaSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 1, 2012

End (planned): Apr 1, 2013

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Nigeria

Loan desecription

China Eximbank pledges $200 million loan for cassava flour processing plants

Interest type•Unknown

Narrative

Full Description

Project narrative

In October 2012, the Nigerian Federal Government announced that it would receive loan of over $200 million from China's Eximbank for the procurement and installation of 18 large scale industrial cassava flour processing plants. The plants were expected to be put in place within 18 months of securing the loan and would be run and owned by the private sector. It does not appear that this loan pledge ever resulted in an official commitment.