The United Bank for Africa (UBA) has received a critical $175 million financial package from the African Development Bank (AfDB) to fuel private sector initiatives and infrastructure projects in Nigeria. This timely injection of capital will empower key sectors like infrastructure, agriculture, manufacturing, energy, and small businesses, driving economic expansion and job creation across the country.
The package includes:
The AfDB's Affirmative Action for Women in Africa (AFAWA) initiative complements the package by offering technical assistance and increased access to finance for women-owned SMEs, contributing to a more diverse and vibrant Nigerian economy.
UBA's extensive network across 20 African countries, the UK, and beyond positions it to leverage this funding for maximum impact. This collaboration marks a significant step towards unlocking Nigeria's economic potential and building a more prosperous future for the entire region.
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