The Project aims to implement the AFD’s Transforming Financial Systems for Climate (TFSC) program in Nigeria in collaboration with the Bank of Industry (BOI), Nigeria’s oldest, largest and most successful Development Finance Institution (DFI).  The main objective of TFSC in Nigeria is to scale up climate finance to densify financial flows towards more diversified private-sector projects that better serve the ecological transition.

The program is organized in two complementary components:

• Component 1: A non-sovereign credit facility of EUR 100 million with adapted financial incentives and eligibility criteria tailored to foster the best local investments that contribute to climate change mitigation and climate change adaptation;
• Component 2: A Technical Assistance programme that aims at building the capacity of BOI in the following areas:
  • identification and development of eligible and bankable climate-related projects;
  • definition and implementation of a climate finance strategy;
  • management of environmental and social risks;
  • definition and implementation of a professional gender equality policy;
  • marketing and communication activities.