China Eximbank pledges $200 million loan for cassava flour processing plants

$200M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Nigeria
Country	Nigeria
Start Date	Oct 01, 2012
End Date	Apr 11, 2030
Duration	6,401 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30626`

Grant Description

China Eximbank pledges $200 million loan for cassava flour processing plants In October 2012, the Nigerian Federal Government announced that it would receive loan of over $200 million from China's Eximbank for the procurement and installation of 18 large scale industrial cassava flour processing plants.

The plants were expected to be put in place within 18 months of securing the loan and would be run and owned by the private sector. It does not appear that this loan pledge ever resulted in an official commitment.

📚 Sources & References

The need to reduce importation of wheat and encourage cassava flour substitution in baking industries
Nigeria secures over $200m loan from China EXIM Bank
Feeding Nigeria through rice revolution
Transformation Agenda: The journey so far
Nigeria's Agricultural Transformation Agenda: Midterm Review Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.