Nigeria LV Stock (IFC-601495)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Federal Republic of Nigeria
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank May 24, 2018


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Project Description

According to IFC website, the objective of the Livestock Micro reforms in Agribusiness (L-MIRA) is to harmonize, simplify and improve regulations in the poultry value chain with the effect of making it easier for value chain actors to manage regulatory responsibilities and more easily access key inputs. The project has four reinforcing components:

1. To improve the regulation of drugs and vaccines by simplifying and improving the current registration process as well as post market surveillance .
2. To improve the regulation of animal feed working with the key regulators including the Federal Ministry of Agriculture and Rural Development (FMARD), the Standards Organization of Nigeria, and the Nigerian Institute for Animal Science (NIAS). The project will work to improve and update the current poultry feed standards and regulatory processes.
3. To improve the regulation of hatcheries in Nigeria for the production of DOCs - working closely with the industry associations, FMARD, and NIAS to improve the existing SOPs for hatchery operations.
4. Knowledge management and communications on the L-MIRA project reforms and on industry best practice.

People Affected By This Project

The project aims to harmonize, simplify and improve regulations in the poultry value chain. These regulatory reforms will help to strengthen markets and improve competitiveness by making it easier for value chain actors to manage regulatory responsibilities and more easily access key inputs.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IFC

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