United Bank of Africa

The LOC will help finance infrastructure and SME projects, including women-owned enterprises in Nigeria. It will support infrastructure development, particularly the power sector, which is a major constraint for Nigeria’s economic diversification and also inclusive growth. The power sector financing gap in Nigeria remains enormous and almost 50% of its population does not have access to electricity. By leveraging UBA’s branch network, the LOC will also scale up lending to SMEs and women enterprises in both urban and rural areas to create more jobs and to promote inclusive growth for Nigeria’s economy by stimulating the various sectors such as manufacturing, construction, agriculture, education and services.