EIB Global and FCMB announce €85 million for Nigerian agriculture
The announced €85 million financing targets Nigerian agricultural value chains, with at least 70% allocated to cocoa and dairy; disbursement was not reported.
- Publish date: 2026-10-20
- Category: Standards & Policy
- Original source: Premium Times
- Reading time: 1 min read
EIB Global and First City Monument Bank announced €85 million in financing for private-sector companies across Nigeria’s agricultural value chains; at least 70% is targeted at cocoa and dairy. The financing is intended to address dairy supply gaps and expand cocoa processing, liquidity for cocoa cooperatives and farmers, and traceability.
EIB Global will also provide technical assistance for FCMB’s climate-action strategy and environmental and social risk management in agriculture. The announcement was made during the IMF and World Bank Group Annual Meetings in Bangkok; it is a financing announcement, not evidence of disbursement.