Ogun State Economic Transformation Project (WB-P164031)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Feb 18, 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.
Borrower
Government of Nigeria
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 250.00 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)
$ 250.00 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 @ WB website

Updated in EWS Apr 3, 2020

Disclosed by Bank May 21, 2018


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Project Description

The development objective of the Ogun State Economic Transformation Project for Nigeria is to increase the participation of the private sector in the economy of Ogun state with a focus on improving the business-enabling environment (BBE), strengthening agri-food value-chains, and upgrading skills. The project comprises of two components. The first component, results-based financing to improve the business-enabling environment and foster private sector participation in the agri-food and skills sectors will support the Ogun state government’s reform efforts to increase private sector investment through the following three results areas: (i) improving the BEE; (ii) strengthening agri-food value chains; and (iii) upgrading skills. The second component, strengthening the capacity of the government to implement the state’s economic transformation agenda will finance technical assistance (TA) and investments to support the implementation of the results-based component. It consists of following sub-components: (i) improving the business environment; (ii) strengthening agri-food value-chains; (iii) upgrading skills development; (iv) improving public sector management; and (v) project implementation support.

Investment Description
  • World Bank (WB)
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.