PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605192

Primary Business Area

Financial Institutions Group

Disclosure Date

Jun 19, 2024

Country

Nigeria

Region

Africa

IFC Approval Date

Nov 6, 2022

Status

Active

Estimated Total Budget

$400,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 25, 2024

Project Estimated Start Date

Jan 1, 2023

Project Estimated End Date

Dec 31, 2025

Project Description

Through this project, IFC will provide Advisory Services and Technical Assistance (in the capacity of an honest broker) to the Central Bank of Nigeria (the main client), as well as the National Collateral Registry (NCR) and designated industry associations such as the Nigeria Bankers Association and Association of Microfinance Banks. It will support regulatory reforms supportive of lending against movable assets and implement activities for enhancing the effectiveness of the collateral registry system and promoting asset-based lending especially for MSMEs and women owned businesses. These would improve the effectiveness of the collateral registry for financial inter-mediation, boost lending to micro and small businesses and foster an enabling environment supportive of sustainable investment and market creation opportunities.

Development Results

E&S Risks / Impacts and Mitigation