Project ID: 30626

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

Pledged amount

$ 234824711.58516902

Adjusted pledged amount

$ 234824711.58516902

Constant 2021 USD

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

Yes

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

2012-10-01

Planned complete

2013-04-01

Description

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.

Number of official sources

2

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nigeria [Government Agency]

Loan Details

Bilateral loan

Investment project loan