Nigeria: State Action on Business Enabling Reforms (SABER) (WB-P177442)

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
  • 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
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
Sep 29, 2022
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
Federal Republic of Nigeria
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
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)
$ 750.00 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.
Project Cost (USD)
$ 750.00 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 @ WB website

Updated in EWS Mar 27, 2024

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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.







The Program Development Objective (PDO) is to improve (1) the efficiency of land administration, (2) the regulatory framework for pr ivate investment in fiber optic infrastructure, (3) services provided by investment promotion agencies and public-private partnershi p units, and (4) the efficiency and transparency of government-to-business services in participating states.

 






 

The development objective of the State Action on Business Enabling Reforms (SABER) Program for Nigeria is to improve: (1) the efficiency of land administration, (2) the regulatory framework for private investment in fiber optic infrastructure, (3) services provided by investment promotion agencies and public-private partnership units, and (4) the efficiency and transparency of government-to-business services in participating states. The government program will cover the gamut of instruments that impact states’ land administration, business enabling infrastructure, public-private partnership (PPP) and investment promotion frameworks, and business enabling regulatory environment. The program will focus on the following result areas (RA): (a) RA 1: improved land administration and land-based investment process; (b) RA2: improved regulatory framework for private investment in fiber optic infrastructure; (c) RA3: improved services provided by Investment Promotion Agency (IPAs) and PPP unit; (d) RA4: improved efficiency and transparency of government-to-business services.
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.

Low

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

SUMMARY (USD Millions)
Government program Cost 2,047.97
Total Operation Cost 750.00
Total Program Cost 730.00
IPF Component 20.00
Total Financing 750.00
Financing Gap 0.00


FINANCING (USD Millions)
Total World Bank Group Financing 750.00
World Bank Lending 750.00


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.

World Bank
Name : Bertine Kamphuis
Designation : Lead Country Economist
Role : Team Leader(ADM Responsible)
Telephone No : 234-90-61444
Email : bkamphuis@worldbank.org


Borrower/Client/Recipient
Borrower : Federal Ministry of Finance, Budget and National Planning
Contact : Mrs. Aisha Omar
Title : Director, International Economic
Relations Department
Telephone No : 2348033115666
Email : ishay2k2006@yahoo.com


Implementing Agencies
Implementing Agency : Federal Ministry of Finance, Budget and National Planning
Contact : Mr. Stephen Okon
Title : Director Home Finance Department
Telephone No : 2348065643949
Email : Stephenokon117@yahoo.com


Implementing Agency : Presidential Enabling Business Environment Council (PEBEC)
Contact : Jumoke Oduwole
Title : Secretary
Telephone No : 2348034021043
Email : oduwole.j@statehouse.gov.ng

 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works