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

  • Nigeria
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
Bank Risk Rating
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
Jun 5, 2020
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.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 288.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 7, 2020

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Project 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
  • African Development Bank (AFDB)

Project funding is UAC 209,156,486.


Contact Information





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