PROJECT

Projects

Project Name Pending

Project Number

604023

Primary Business Area

Transaction Advisory

Country

Nigeria

Region

Africa

IFC Approval Date

Sep 25, 2019

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Mar 20, 2022

Project Estimated Start Date

Sep 13, 2019

Project Estimated End Date

Sep 13, 2021

Project Description

The IFC’s Advisory engagement with Enyimba Economic City Development Company Limited (“EECD” or the “Client”) is structured to be implemented in two (2) distinct stages. In the first phase, IFC will advise the Client on how best to structure a manufacturing Special Economic Zone (“SEZ”) to attract private sector capital. Upon the Client’s acceptance of IFC’s recommendations, especially on environmental and social (E&S) matters, IFC will proceed to the second phase, which involves introducing and connecting the Client to suitable foreign anchor tenants (industrial companies/strategic investors) who will setup manufacturing operations within the zone. Taken together, these two phases constitute the IFC Advisory Project (the “Project”).

Development Results

E&S Risks / Impacts and Mitigation