ABUJA, Nigeria – U.S. International Development Finance Corporation (DFC) CEO Scott Nathan traveled to Lagos and Abuja, Nigeria on July 25-26. In Lagos, he met with current and prospective DFC clients in the business community to encourage additional developmental investment projects in the country and region. CEO Nathan also joined Access Bank Managing Director Roosevelt Ogbonna to sign a commitment letter with Access Bank for $280 million in DFC financing. This financing will help support economic growth by providing access to lending for small and medium sized businesses in Nigeria.
In Abuja, CEO Nathan and Ambassador Leonard met with Central Bank of Nigeria Deputy Governor for Economic Policy Dr. Kingsley Obiora, Nigerian Minister of Finance Zainab Ahmed, and representatives from the private sector and development finance communities. Other members of the delegation met with members on the Energy Transition Team within the Office of the Vice President. In these meetings, CEO Nathan and his counterparts discussed opportunities for DFC to invest alongside Nigeria’s private sector to support the country’s development and economic growth.
U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.