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European Investment Bank - Nigeria Framework Loan to finance infrastructure projects in the country

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Uploaded by on Feb 10, 2010

The European Investment Bank, which is the EU's long-term lending institution, signed the Nigeria Framework Loan to finance infrastructure projects in the country - a loan which will be shared equally by three leading Nigerian Banks. The European Investment Bank's Vice President, joins us now from our studios in Nigeria - to unpack what exactly has transpired here.

Well, you've just made this investment - of EUR 240million to 3 leading Nigerian banks talk us through your identified targets here - because they aren't distressed banks that you're investing in - and what exactly does your investment entail?

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