NIGERIA - COVID-19 Crisis Response Budget Support Programme (AFDB-P-NG-KA0-006)

Countries
  • Nigeria
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 5, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 288.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 14, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The loan to the Federal Republic of Nigeria in the amount of USD 288,500,000 from the African Development Bank resources under the COVID-19 Rapid Response Facility (CRF) is to finance the COVID-19 Response Support Program,designed as a Crisis Response Budget Support (CRBS) Operation. The program results from a request of the Federal Government of Nigeria dated March 25, 2020.

The purpose of the program is to support Nigeria's efforts at fighting the COVID-19 pandemic and mitigating its socioeconomic impact onits citizens and businesses. Its operational policy objective is to support the implementation of the Government's "Integrated Policy Framework" which has a two-pronged approach -addressing the immediate health crisis and mitigating the socioeconomic impact of the outbreak. It has the following expected outcomes: (i) improved health pandemic surveillance and response to COVID-19 emergencies; (ii) enabling micro, small and medium enterprises (MSMEs)to weather the COVID-19 crisis; and (iii) protecting vulnerable households' livelihoods from the adverse impactof the pandemic. The proposed operation is strongly coordinated with those of the World Bank (WB) and International Monetary Fund (IMF).

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Project funding is UAC 209,156,486.

 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB

GEBRE-SELASSIE Kalayu / k.gebre-selassie@afdb.org

 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

How it works

How it works