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Nigeria - Growth & Employment

Abstract*

The objective of the Growth and Employment in States Project for Nigeria is to increase growth and employment in participating states. This project has 3 components. Component 1 will improve investment climate that will reduce the cost and risk of doing business by providing a greater incentive to invest. Component 2 will create jobs in key sectors and increase competitiveness of strategic clusters including: information and communications; entertainment;...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To increase firm growth and employment in participating firms in Nigeria.

Key Details

Project Details

  • P103499

  • Closed

  • Kofi-Boateng Agyen , Wenye Dong

  • Federal Ministry of Finance

  • Nigeria

  • August 25, 2008

  • (as of board presentation)

    March 17, 2011

  • July 29, 2013

  • US$ 160.00 million

  • Ministry of Trade and Investment

  • Western and Central Africa

  • 2011

  • US$ 160.00 million

  • B

  • August 4, 2022

  • March 29, 2019

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 160.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 160.00
IBRD + IDA Commitment 160.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 160.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 22, 2017 IDA-48820 Loan Disb 2,433,663.00
Nov 21, 2017 IDA-48820 Loan Disb 1,162,355.80
Apr 1, 2018 IDA-48820 Int Charges 228,140.19
Apr 1, 2018 IDA-48820 Int Charges 228,140.19
Apr 1, 2018 IDA-48820 Int Charges 182.31
Apr 1, 2018 IDA-48820 Int Charges 182.31
Oct 2, 2014 IDA-48820 Loan Disb 608,782.56
Oct 1, 2014 IDA-48820 Int Charges 22.17
Oct 1, 2014 IDA-48820 Int Charges 22.17
Oct 1, 2014 IDA-48820 Int Charges 14,491.07
Oct 1, 2014 IDA-48820 Int Charges 14,491.07
Jan 13, 2015 IDA-48820 Loan Disb 713,155.75
Oct 20, 2014 IDA-48820 Loan Disb 439,365.06
Jan 14, 2015 IDA-48820 Loan Disb 768,572.00
Jul 29, 2013 IDA-48820 Loan Disb 1,084,201.10
Apr 9, 2014 IDA-48820 Loan Disb 599,400.25
Mar 27, 2014 IDA-48820 Loan Disb -500,412.90
Dec 2, 2013 IDA-48820 Loan Disb 1,400,000.00
Apr 1, 2014 IDA-48820 Int Charges 1,426.86
May 15, 2014 IDA-48820 Loan Disb 248,969.20
Apr 1, 2014 IDA-48820 Int Charges 1,426.86
Apr 1, 2014 IDA-48820 Int Charges 7,578.40
Apr 1, 2014 IDA-48820 Int Charges 7,578.40
Jun 16, 2014 IDA-48820 Loan Disb 668,081.20
Apr 4, 2014 IDA-48820 Loan Disb 502,280.16
Apr 4, 2014 IDA-48820 Loan Disb 599.75
May 19, 2014 IDA-48820 Loan Disb 417,604.38
Aug 7, 2014 IDA-48820 Loan Disb 191,069.55
Jun 24, 2015 IDA-48820 Loan Disb 1,238,153.00
Apr 1, 2015 IDA-48820 Int Charges 258.75
Apr 1, 2015 IDA-48820 Int Charges 258.75
Apr 1, 2015 IDA-48820 Int Charges 21,088.33
Apr 1, 2015 IDA-48820 Int Charges 21,088.33
Apr 28, 2015 IDA-48820 Loan Disb 884,392.10
Oct 20, 2015 IDA-48820 Loan Disb 1,691,034.40
Oct 1, 2015 IDA-48820 Int Charges 464.76
Oct 1, 2015 IDA-48820 Int Charges 464.76
Oct 1, 2021 IDA-48820 Loan Repay 14,128.12
Oct 1, 2021 IDA-48820 Loan Repay 654,921.50
Oct 1, 2021 IDA-48820 Int Charges 248,384.67
Oct 1, 2021 IDA-48820 Int Charges 248,384.67
Apr 1, 2022 IDA-48820 Loan Repay 643,108.75
Apr 1, 2022 IDA-48820 Int Charges 240,424.16
Apr 1, 2022 IDA-48820 Int Charges 240,424.16
Apr 1, 2022 IDA-48820 Loan Repay 11,106.59
Oct 1, 2022 IDA-48820 Loan Repay 595,190.75
Oct 1, 2022 IDA-48820 Int Charges 220,645.14
Oct 1, 2022 IDA-48820 Int Charges 220,645.14
Oct 1, 2022 IDA-48820 Loan Repay 11,393.79
Apr 1, 2023 IDA-48820 Loan Repay 29,000.99
Apr 1, 2023 IDA-48820 Loan Repay 608,555.44
Apr 1, 2023 IDA-48820 Int Charges 229,520.34
Apr 1, 2023 IDA-48820 Int Charges 229,520.34
Oct 1, 2023 IDA-48820 Loan Repay 4,067.15
Oct 1, 2023 IDA-48820 Loan Repay 619,152.60
Oct 1, 2023 IDA-48820 Int Charges 222,022.02
Oct 1, 2023 IDA-48820 Int Charges 222,022.02
May 2, 2024 IDA-48820 Loan Repay 608,883.40
May 2, 2024 IDA-48820 Int Charges 220,211.20
May 2, 2024 IDA-48820 Int Charges 220,211.20
Jul 5, 2018 IDA-48820 Loan Disb 20,000,000.00
Oct 1, 2018 IDA-48820 Int Charges 255.99
Oct 1, 2018 IDA-48820 Int Charges 255.99
Apr 1, 2024 IDA-48820 Loan Repay 15,895.94
Mar 17, 2011 IDA-48820 Loan Commitment 160,000,000.00
Apr 1, 2021 IDA-48820 Loan Repay 453.21
Apr 1, 2021 IDA-48820 Loan Repay 670,937.70
Apr 1, 2021 IDA-48820 Int Charges 251,771.56
Apr 1, 2021 IDA-48820 Int Charges 251,771.56
Oct 1, 2018 IDA-48820 Int Charges 258,028.81
Oct 1, 2018 IDA-48820 Int Charges 258,028.81
Mar 28, 2019 IDA-48820 Loan Disb -13,000,000.00
Apr 2, 2019 IDA-48820 Int Charges 292,840.38
Apr 2, 2019 IDA-48820 Int Charges 292,840.38
Apr 1, 2019 IDA-48820 Int Charges 1,354.53
Apr 1, 2019 IDA-48820 Int Charges 1,354.53
Mar 28, 2019 IDA-48820 Loan Cancel 13,000,000.00
Mar 8, 2019 IDA-48820 Loan Cancel 63,431,448.00
Oct 1, 2019 IDA-48820 Int Charges 3,461.23
Oct 1, 2019 IDA-48820 Int Charges 3,461.23
Oct 1, 2019 IDA-48820 Int Charges 238,606.44
Oct 1, 2019 IDA-48820 Int Charges 238,606.44
Oct 1, 2019 IDA-48820 Int Charges -20,432.82
Oct 1, 2019 IDA-48820 Int Charges 20,432.82
Apr 1, 2020 IDA-48820 Int Charges 1,352.50
Apr 1, 2020 IDA-48820 Int Charges 1,352.50
Apr 1, 2020 IDA-48820 Int Charges 241,406.55
Apr 1, 2020 IDA-48820 Int Charges 241,406.55
Oct 1, 2020 IDA-48820 Int Charges 248,725.33
Oct 1, 2020 IDA-48820 Int Charges 248,725.33
Oct 1, 2020 IDA-48820 Int Charges 1,962.10
Oct 1, 2020 IDA-48820 Int Charges 1,962.10
Oct 8, 2015 IDA-48820 Int Charges 29,677.44
Oct 8, 2015 IDA-48820 Int Charges 29,677.44
Jan 4, 2016 IDA-48820 Loan Disb 1,139,894.00
Apr 1, 2016 IDA-48820 Int Charges 306.82
Apr 1, 2016 IDA-48820 Int Charges 306.82
Apr 1, 2016 IDA-48820 Int Charges 39,936.41
Apr 1, 2016 IDA-48820 Int Charges 39,936.41
Jun 15, 2016 IDA-48820 Loan Disb 3,006,207.00
Aug 31, 2016 IDA-48820 Loan Disb 3,698,564.50
May 18, 2016 IDA-48820 Loan Disb 412,697.16
May 27, 2016 IDA-48820 Loan Disb 1,772,426.60
May 20, 2016 IDA-48820 Loan Disb 361,931.80
Oct 1, 2016 IDA-48820 Int Charges 905.85
Oct 1, 2016 IDA-48820 Int Charges 83,002.32
Oct 1, 2016 IDA-48820 Int Charges 83,002.32
Oct 1, 2016 IDA-48820 Int Charges 905.85
Jan 6, 2017 IDA-48820 Loan Disb 1,425,801.50
Jun 16, 2016 IDA-48820 Loan Disb 6,898,793.00
Jun 8, 2016 IDA-48820 Loan Disb 4,898,793.00
Dec 19, 2016 IDA-48820 Loan Disb 1,457,344.80
Apr 1, 2017 IDA-48820 Int Charges 123,950.16
Jun 12, 2017 IDA-48820 Loan Disb 20,229,474.00
Oct 1, 2017 IDA-48820 Int Charges 571.11
Oct 1, 2017 IDA-48820 Int Charges 571.11
Apr 1, 2017 IDA-48820 Int Charges 2,259.03
Apr 1, 2017 IDA-48820 Int Charges 2,259.03
Apr 1, 2017 IDA-48820 Int Charges 123,950.16
Oct 1, 2017 IDA-48820 Int Charges 180,744.86
Oct 1, 2017 IDA-48820 Int Charges 180,744.86

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Unsatisfactory 2019-04-01
Project Management Moderately Unsatisfactory 2019-04-01
Progress towards achievement of PDO Moderately Unsatisfactory 2019-04-01
Financial Management Moderately Unsatisfactory 2019-04-01
Overall Implementation Progress (IP) Unsatisfactory 2019-04-01
Monitoring and Evaluation Moderately Satisfactory 2019-04-01

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 04-20-2020
OutcomesModerately Unsatisfactory
Risk to Development Outcome
Bank PerformanceModerately Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 09-11-2020PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceUnsatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • % growth in sales of participating firmsValue0.0020.000.00
    DateFebruary 2, 2016September 30, 2019
    Comment
  • For firms in servicesValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For firms in industryValue0.0020.000.00
    DateDecember 1, 2016September 30, 2019
    Comment
  • For female-headed participating firmsValue0.0020.000.00
    DateNovember 1, 2016September 30, 2019
    Comment
  • % growth in sales of participating firmsValue0.000.000.00
    DateFebruary 2, 2016June 23, 2017
    Comment
  • For firms in servicesValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For firms in industryValue0.0020.000.00
    DateDecember 1, 2016September 30, 2019
    Comment
  • For female-headed participating firmsValue0.0020.000.00
    DateNovember 1, 2016September 30, 2019
    Comment
  • % increase in average number of workers in participating firmsValue8.0030.000.00
    DateOctober 3, 2016March 6, 2019
    Comment
  • For firms in servicesValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For firms in industryValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For female-headed participating firmsValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • % increase in average number of workers in participating firmsValue8.0020.000.00
    DateOctober 3, 2016September 7, 2018
    Comment
  • For firms in servicesValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For firms in industryValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment
  • For female-headed participating firmsValue0.0020.000.00
    DateOctober 1, 2016September 30, 2019
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • No. of identified sector policy reforms presented to the steering committeeValue0.0019.000.00
    DateAugust 1, 2013March 6, 2019
    Comment
  • Number of market assessmentsValue0.0010.000.00
    DateAugust 1, 2013September 30, 2019
    Comment
  • Number of MSMEs registered in the BIG PlatformValue0.00100000.000.00
    DateJuly 30, 2013September 30, 2019
    Comment
  • Increased investment in participating firmsValue0.0010.000.00
    DateAugust 1, 2013September 30, 2019
    Comment
  • of which outside Lagos and FCTValue0.0030000.000.00
    DateJuly 30, 2013September 30, 2019
    Comment
  • Increase in score for business practices for participating firmsValue0.0020.000.00
    DateDecember 2, 2016September 30, 2019
    Comment
  • Of which invited to an induction workshopValue0.0012000.000.00
    DateJuly 30, 2013September 30, 2019
    Comment
  • Direct project beneficiairiesValue0.0014900.000.00
    DateDecember 4, 2014September 30, 2019
    Comment
  • Number of MSMEs beneficiting from capacity enhancementValue0.008974.000.00
    DateJuly 5, 2013September 30, 2019
    Comment
  • Of which with capacity enhancement completedValue0.000.000.00
    DateJuly 5, 2013June 23, 2017
    Comment
  • of which percentage of female beneficiairiesValue0.0038.900.00
    DateDecember 4, 2014June 23, 2017
    Comment
  • Total number of trainees (cumulative)Value0.001000.000.00
    DateDecember 2, 2016September 30, 2019
    Comment
  • of which employed after training (for individuals)Value0.00200.000.00
    DateDecember 2, 2016September 30, 2019
    Comment
  • Volume of financing to participating firms from the SME Investment Fund (million)Value0.002825.000.00
    DateJune 23, 2017September 30, 2019
    Comment
  • Number of participating firms receiving funding from the SME Investment FundValue0.0019.000.00
    DateJune 23, 2017September 30, 2019
    Comment
  • SME Investment Fund portfolio quality IRR>0ValueNOyes
    DateJune 23, 2017September 30, 2019
    Comment