Project ID: 98121

China Exim Bank signs Memorandum of Understanding with Bank of Industry of Nigeria in 2018

Pledged amount

$ 544924873.9393383

Adjusted pledged amount

$ 544924873.9393383

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

Industry, mining, construction (Code: 320)

Flow type

Vague TBD

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

2018-01-01

Description

In 2018, China Exim Bank signed a Memorandum of Understanding (MoU) with the Bank of Industry of Nigeria for 500 million USD to promote the production capacity of our Oil and gas Industry, with a focus on developing Nigerian refineries and instituting a flare gas recovery program.

Additional details

-Commitment date was unspecified

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Bank of Industry of Nigeria [State-owned Bank]