April 3

EAIF Commits Additional $30 Million to Support Indorama’s Expansion in Nigeria

By Kehinde Akinseinde-Jayeoba

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)

food security, infrastructure, smallholder farmers, supply chains