Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

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

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

Jan 20, 2025

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.

Borrower

Government of Nigeria - Federal Ministry of Finance

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 0.37 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.

Project Cost (USD)

$ 0.48 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

Appraisal Report

Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 5, 2025

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Can you contribute information about this project?
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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.

According to the Bank’s website, the overall purpose of the project is to strengthen the capacity of the Federal Ministry of Finance for effective coordination and oversight of Bank investment and policy-based operations to achieve greater development impact. Thus, the project will support three objectives as follows: (i) strengthen IERD's capacity through training, and establishment of digital based financing and project monitoring platforms to inform coordination across implementing States, Government Ministries, Departments, and Agencies (MDAs) and Development Partners (DPs) for lending operations; (ii) strengthen the coordination and oversight capacity of the IERD to eliminate start-up delays of newly approved projects, as well as implementation bottlenecks to enhance disbursement; and (iii) strengthen IERD capacity to mobilize donor resources and leverage partnerships between the Bank and other Development Partners (DPs). These objectives will enhance lending readiness; and the implementation of recommendations set out in the Country Portfolio Improvement Plan (CPIP), with a focus on improving the quality of the RDNG Portfolio.

The expected outputs are as follows (i) IERD capacity built; and (ii) IERD oversight for Bank projects and Development Partner coordination harmonization strengthened.
These outputs are expected to lead to the following outcomes (i) reduced proportion of operations flagged for implementation challenges; (ii) increased proportion of audit reports submitted within 6 months after end of the financial year; (iii) increased average disbursement ratio of ongoing public sector portfolio; (iv) increased proportion of projects in year-1 of the Indicative Operating Program (IOP) validated with financial requests; and increased proportion of projects in annual Lending Program with Environmental and Social Safeguards Disclosure requirements met by end previous year.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Investment Description

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

African Development Bank (AFDB)

Finance Type: Standard grant
Commitments (UA): 282,609
Conversion Rate USD (2025-01-20): 1,32661

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.

Rosemond OFFEI-AWUKU
Dev. Econ./Migration Officer JfYA, AHHD
African Development Bank
r.offei-awuku@afdb.org
www.afdb.org