European Investment Bank provides largest ever investment in Africa: € 240 million loan to fund private and PPP infrastructure projects in Nigeria

EIB website. On the 10th of February, the European Investment Bank (EIB) signed the Nigeria Framework Loan which will provide up to € 240 millions to three Nigerian banks: FirstBank of Nigeria, Guaranty Trust Bank and Stanbic IBTC. The funding will be used to facilitate private and public private partnership infrastructure in the country and ensure continued investment in the sector. The Nigeria Framework Loan represents the largest single investment by the European Investment Bank, the long-term lending institution of the European Union. Read the full article.

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