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;... Show More

Development Objective

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

Key Details

Project Details

Project ID
P103499
Status
Closed
Team Leader
Kofi-Boateng Agyen , Wenye Dong
Borrower 2
Federal Ministry of Finance

Country
Nigeria
Disclosure Date
August 25, 2008
Approval Date
(as of board presentation)
March 17, 2011
Effective Date
July 29, 2013

Total Project Cost 1
US$ 160.00 million
Implementing Agency
Ministry of Trade and Investment
Region
Western and Central Africa
Fiscal Year 3
2011

Commitment Amount
US$ 160.00 million
Environmental Category
B
Last Update Date
August 4, 2022
Closing Date
March 29, 2019

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Trade14%
- FY17 - Trade Facilitation14%

FY17 - Private Sector Development

FY17 - Business Enabling Environment56%
- FY17 - Innovation and Technology Policy18%
- FY17 - Investment and Business Climate28%
- FY17 - Regulation and Competition Policy9%
FY17 - Jobs10%
- FY17 - Job Creation10%
FY17 - Public Private Partnerships10%

FY17 - Urban and Rural Development

FY17 - Rural Development10%
- FY17 - Rural Infrastructure and service delivery10%
FY17 - Urban Development10%
- FY17 - Urban Infrastructure and Service Delivery10%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

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

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-20-2020
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-11-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

% growth in sales of participating firms Value 0.00 20.00 0.00
Date February 2, 2016 September 30, 2019
Comment
For firms in services Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For firms in industry Value 0.00 20.00 0.00
Date December 1, 2016 September 30, 2019
Comment
For female-headed participating firms Value 0.00 20.00 0.00
Date November 1, 2016 September 30, 2019
Comment
% growth in sales of participating firms Value 0.00 0.00 0.00
Date February 2, 2016 June 23, 2017
Comment
For firms in services Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For firms in industry Value 0.00 20.00 0.00
Date December 1, 2016 September 30, 2019
Comment
For female-headed participating firms Value 0.00 20.00 0.00
Date November 1, 2016 September 30, 2019
Comment
% increase in average number of workers in participating firms Value 8.00 30.00 0.00
Date October 3, 2016 March 6, 2019
Comment
For firms in services Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For firms in industry Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For female-headed participating firms Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
% increase in average number of workers in participating firms Value 8.00 20.00 0.00
Date October 3, 2016 September 7, 2018
Comment
For firms in services Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For firms in industry Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment
For female-headed participating firms Value 0.00 20.00 0.00
Date October 1, 2016 September 30, 2019
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

No. of identified sector policy reforms presented to the steering committee Value 0.00 19.00 0.00
Date August 1, 2013 March 6, 2019
Comment
Number of market assessments Value 0.00 10.00 0.00
Date August 1, 2013 September 30, 2019
Comment
Number of MSMEs registered in the BIG Platform Value 0.00 100000.00 0.00
Date July 30, 2013 September 30, 2019
Comment
Increased investment in participating firms Value 0.00 10.00 0.00
Date August 1, 2013 September 30, 2019
Comment
of which outside Lagos and FCT Value 0.00 30000.00 0.00
Date July 30, 2013 September 30, 2019
Comment
Increase in score for business practices for participating firms Value 0.00 20.00 0.00
Date December 2, 2016 September 30, 2019
Comment
Of which invited to an induction workshop Value 0.00 12000.00 0.00
Date July 30, 2013 September 30, 2019
Comment
Direct project beneficiairies Value 0.00 14900.00 0.00
Date December 4, 2014 September 30, 2019
Comment
Number of MSMEs beneficiting from capacity enhancement Value 0.00 8974.00 0.00
Date July 5, 2013 September 30, 2019
Comment
Of which with capacity enhancement completed Value 0.00 0.00 0.00
Date July 5, 2013 June 23, 2017
Comment
of which percentage of female beneficiairies Value 0.00 38.90 0.00
Date December 4, 2014 June 23, 2017
Comment
Total number of trainees (cumulative) Value 0.00 1000.00 0.00
Date December 2, 2016 September 30, 2019
Comment
of which employed after training (for individuals) Value 0.00 200.00 0.00
Date December 2, 2016 September 30, 2019
Comment
Volume of financing to participating firms from the SME Investment Fund (million) Value 0.00 2825.00 0.00
Date June 23, 2017 September 30, 2019
Comment
Number of participating firms receiving funding from the SME Investment Fund Value 0.00 19.00 0.00
Date June 23, 2017 September 30, 2019
Comment
SME Investment Fund portfolio quality IRR>0 Value NO yes
Date June 23, 2017 September 30, 2019
Comment

% growth in sales of participating firms	Value	0.00	20.00	0.00
	Date	February 2, 2016	September 30, 2019
	Comment

For firms in services	Value	0.00	20.00	0.00
	Date	October 1, 2016	September 30, 2019
	Comment

For firms in industry	Value	0.00	20.00	0.00
	Date	December 1, 2016	September 30, 2019
	Comment

For female-headed participating firms	Value	0.00	20.00	0.00
	Date	November 1, 2016	September 30, 2019
	Comment

% increase in average number of workers in participating firms	Value	8.00	30.00	0.00
	Date	October 3, 2016	March 6, 2019
	Comment

Number of market assessments	Value	0.00	10.00	0.00
	Date	August 1, 2013	September 30, 2019
	Comment

of which outside Lagos and FCT	Value	0.00	30000.00	0.00
	Date	July 30, 2013	September 30, 2019
	Comment

Direct project beneficiairies	Value	0.00	14900.00	0.00
	Date	December 4, 2014	September 30, 2019
	Comment

Total number of trainees (cumulative)	Value	0.00	1000.00	0.00
	Date	December 2, 2016	September 30, 2019
	Comment