EAIF Commits Additional $30 Million to Support Indorama’s Expansion in Nigeria
THE Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$30 million senior debt facility to Indorama, a leading producer and exporter of fertiliser.
The investment enables the construction of a new plant, port terminal, handling stations, and storage facilities in Nigeria, providing a major boost for the country’s agricultural sector, which is a crucial driver of the country and region’s economic growth.
Photo courtesy of World Bank Photo Collection.
Source: Nigerian Tribune (link opens in a new window)
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