UUBO advised British International Investment plc on its USD100 million credit facility to First Bank of Nigeria Limited

Udo Udoma & Belo-Osagie is delighted to have advised and supported British International Investment plc (formerly CDC Group plc) – the UK Government’s development financial institution on its USD100 million credit facility to First Bank of Nigeria Limited (“FBN”) for the purpose of financing women-owned and led businesses as well as small and medium-sized enterprises (SMEs) in Nigeria. In line with FBN’s financial inclusion goals, the credit facility will help FBN to strengthen its commitment to gender financing targeted at women-owned and led businesses and enhance funding to SMEs in Nigeria to boost growth and promote financial inclusion across Nigeria and further the fulfillment of sustainable development goals to achieve gender equality and no poverty. It also aims to promote social inclusion in Nigeria, a key component for furthering effective and sustainable growth and development across rural and urban areas in Nigeria and the Nigerian economy at large.

The UUBO’s team was led by partners Yinka Edu and Joseph Eimunjeze and they were supported by Chisom Okolie, Ikenna Edeh, and Dumebi Anike-Nweze.

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