604972 - Nigeria2Equal

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Summary of Advisory Services Project Information

Project Number

604972

Primary Business Area

Environment, Social and Governance

Disclosure Date

Aug 25, 2021

Country

Nigeria

Region

Africa

IFC Approval Date

Feb 25, 2021

Status

Completed

Estimated Total Budget

$844,751.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 19, 2025

Project Estimated Start Date

Jan 1, 2021

Project Estimated End Date

Jun 30, 2023

Project Description

Nigeria2Equal Program is being implemented in partnership with Nigerian Exchange (NGX) Limited and aims to help private sector companies increase women’s participation in the sector by reducing gender gaps across leadership, employment, and entrepreneurship. This engagement will see companies make at least two commitments to implement gender-smart solutions that reduce gaps across these areas. The companies will access best practices and other learning resources through their participation in the Peer Learning Platform (PLP). At firm-level, IFC will also support companies to diagnose gender gaps and offer solutions to address these challenges. To deepen market-level understanding and awareness of the business case for gender equality in Nigeria’s private sector, IFC will publish research and best practice case studies. These measures will foster an enabling environment for gender equality, help companies improve the recruitment, retention, and advancement of women to leadership, and promote women’s entrepreneurship in the corporate value chain.

Development Results

IFC Gender Strategy Implementation Plan (GSIP) aims to reduce gender gaps in access to jobs and assets. This project will work with at least 15 private sector companies in Nigeria to reduce gender gaps in leadership, employment, and entrepreneurship. IFC's employment and entrepreneurship offerings provide opportunities for private sector companies to close gender gaps in employment and integrate women-owned businesses in the corporate value chain. This engagement will help Nigerian companies strengthen gender equality policies and practices. In this program, companies will identify gender gaps and commit to an action plan to close existing gaps. Their commitments to implementing a set of actions and achieving them will help build more gender equal businesses and will be made public. These commitments will also contribute to their sustainability disclosures.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of workshops, training events, seminars, conferences, etc.	Not Available	Not Available
Number of entities receiving advisory services	Not Available	Not Available
Number of participants in workshops, training events, seminars, conferences, etc.	Not Available	Not Available
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.	Not Available	Not Available
Number of entities reporting improved performance (e.g., improvements in productivity, accountability, operations, loan terms, valuations)	Not Available	Not Available

E&S Risks / Impacts and Mitigation

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As mandated by IFC's Sustainability Policy, the principles of the relevant Performance Standards have been applied to the project design. Likelihood and impact of environmental and social risks will continue to be reviewed throughout the life-cycle of the project especially when providing direct client / firm level advisory services.	The IFC team will assist participating companies, as the final decision makers, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriately mitigating environmental and social risks mitigation measures whenever warranted. IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards.

This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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