| Financier | Commitments |
|---|---|
| IDA Credit | 250.00 |
Ogun State Economic Transformation Project
Abstract*
The development objective of the Ogun State Economic Transformation Project for Nigeria is to increase the participation of the private sector in the economy of Ogun state with a focus on improving the business-enabling environment (BBE), strengthening agri-food value-chains, and upgrading skills. The project comprises of two components. The first component, results-based financing to improve the business-enabling environment and foster private sector... Show More
Development Objective
The Project Development Objective (PDO) is to increase the participation of the private sector in the economy of Ogun State with a focus on improving the business-enabling environment, strengthening agri-food value-chains and upgrading skills.
Key Details
Project Details
P164031
Active
Ruchita Manghnani , Hira Channa
Federal Republic of Nigeria
February 18, 2020
(as of board presentation)
February 18, 2020
March 16, 2021
US$ 250.00 million
Ogun State Government
2020
US$ 250.00 million
B
December 15, 2023
June 30, 2025
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 250.00 |
| IBRD + IDA Commitment | 250.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 250.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 22, 2022 | IDA-65240 | Loan Disb | 3,775,000.00 |
| Nov 23, 2022 | IDA-65240 | Loan Disb | 119,964.79 |
| Oct 15, 2023 | IDA-65240 | Int Charges | 4,557.36 |
| Oct 15, 2023 | IDA-65240 | Int Charges | 204,938.69 |
| Oct 15, 2023 | IDA-65240 | Int Charges | 204,938.69 |
| Oct 15, 2023 | IDA-65240 | Int Charges | 341,564.47 |
| Jun 23, 2023 | IDA-65240 | Loan Disb | 7,750,000.00 |
| Jun 29, 2023 | IDA-65240 | Loan Disb | 7,750,000.00 |
| Jun 23, 2023 | IDA-65240 | Loan Disb | -7,749,960.00 |
| May 30, 2023 | IDA-65240 | Loan Disb | 2,300,000.00 |
| Sep 14, 2023 | IDA-65240 | Loan Disb | 2,369,390.20 |
| Apr 15, 2023 | IDA-65240 | Int Charges | 135,127.88 |
| Apr 15, 2023 | IDA-65240 | Int Charges | 135,127.88 |
| Apr 15, 2023 | IDA-65240 | Int Charges | 227,124.02 |
| Jul 2, 2024 | IDA-65240 | Loan Disb | 14,022,261.00 |
| Jun 18, 2024 | IDA-65240 | Loan Disb | -14,071,927.00 |
| Jun 27, 2024 | IDA-65240 | Loan Cancel | 44,605,140.00 |
| May 8, 2024 | IDA-65240 | Loan Disb | 2,469,762.00 |
| May 2, 2024 | IDA-65240 | Int Charges | 222,164.88 |
| May 2, 2024 | IDA-65240 | Int Charges | 222,164.88 |
| May 2, 2024 | IDA-65240 | Int Charges | 379,161.16 |
| Apr 15, 2024 | IDA-65240 | Int Charges | 5,324.69 |
| Apr 15, 2024 | IDA-65240 | Int Charges | 5,324.69 |
| Jun 10, 2024 | IDA-65240 | Loan Disb | 14,071,967.00 |
| Apr 15, 2022 | IDA-65240 | Int Charges | 333.47 |
| Apr 15, 2022 | IDA-65240 | Int Charges | 333.47 |
| Feb 18, 2020 | IDA-65240 | Loan Commitment | 250,000,000.00 |
| Apr 15, 2022 | IDA-65240 | Int Charges | 17,822.98 |
| Apr 15, 2022 | IDA-65240 | Int Charges | 17,822.98 |
| Apr 15, 2022 | IDA-65240 | Int Charges | 30,260.76 |
| Jun 21, 2022 | IDA-65240 | Loan Disb | 11,625,014.00 |
| Oct 15, 2021 | IDA-65240 | Int Charges | 20,845.32 |
| Oct 15, 2021 | IDA-65240 | Int Charges | 20,845.32 |
| Oct 15, 2021 | IDA-65240 | Int Charges | 34,742.19 |
| Mar 25, 2021 | IDA-65240 | Loan Disb | 5,036,359.00 |
| Apr 15, 2023 | IDA-65240 | Int Charges | 3,974.20 |
| Apr 15, 2023 | IDA-65240 | Int Charges | 3,974.20 |
| Dec 9, 2022 | IDA-65240 | Loan Disb | 68,460.00 |
| Dec 9, 2022 | IDA-65240 | Loan Disb | 51,345.00 |
| Oct 15, 2022 | IDA-65240 | Int Charges | 1,220.35 |
| Oct 15, 2022 | IDA-65240 | Int Charges | 1,220.35 |
| Oct 15, 2022 | IDA-65240 | Int Charges | 42,124.49 |
| Oct 15, 2022 | IDA-65240 | Int Charges | 42,124.49 |
| Oct 15, 2022 | IDA-65240 | Int Charges | 72,241.41 |
| Dec 28, 2022 | IDA-65240 | Loan Disb | 28,451,724.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Unsatisfactory | 2024-10-02 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-10-02 |
| Project Management | Moderately Satisfactory | 2024-10-02 |
| Financial Management | Moderately Satisfactory | 2024-10-02 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-10-02 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-10-02 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of investment deals successfully facilitated by the Investment Promotion Agency (IPA) Value 0.00 9.00 10.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Farmers in production clusters that have off-taker arrangements with agribusinesses (disaggregated by gender and youth) Value 0.00 10766.00 40000.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Beneficiaries of skills development programs that are hired or self-employed within 6 months after training (disaggregated by gender and youth) Value 0.00 1086.00 10000.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Days required to start a business, register property, and obtain a construction permit Value 167.00 167.00 110.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Land areas approved by the Agricultural Land Allocation Committee (ALAC) for agri-food sector investments, in compliance with the FRILIA Value 0.00 3000.00 12000.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Public schools participating in STEM intensive teaching program Value 0.00 70.00 80.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Number of new CofOs issued (disaggregated by gender) Value 0.00 5000.00 15000.00 Date May 29, 2019 October 20, 2023 June 30, 2025 Comment Number of VCDFs competitively recruited by the project Value 0.00 8.00 8.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Companies participating in dual apprenticeship programs Value 0.00 0.00 30.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Number of service agreements signed between investors and Investment Promotion Agency (cumulative) (Number) Value 0.00 15.00 40.00 Date May 29, 2019 October 20, 2023 June 30, 2025 Comment Volume of farm products purchased from cluster farmers Value 0.00 65.00 200000.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment MDAs evaluated by Ogun Ministry of Budget and Planning M&E Department Value 0.00 0.00 3.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Completed tendering process for a private developer/operator of the industrial estate(s) Value No No Yes Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Feeder roads rehabilitated and area of land with access to improved irrigation Value 0.00 0.00 150.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Beneficiaries of community-based skills development programs (Disaggregated by gender) Value 0.00 3495.00 16000.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Beneficiary satisfaction rate with quality of services provided by the project Value 0.00 0.00 80.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Area of land with access to improved irrigation Value 0.00 0.00 5000.00 Date May 17, 2019 October 20, 2023 June 30, 2025 Comment Informal mastercraftspersons supported to improve their capacities as trainers Value 0.00 0.00 100.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment Percentage of grievances registered and addressed related to the delivery of project Value 0.00 0.00 80.00 Date May 27, 2019 October 20, 2023 June 30, 2025 Comment