Partnership initiated between Nigeria and UNDP to improve the country's sovereign credit ratings.
1 report, 1 independent
Updated Jul 18
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What happened
Partnership initiated between Nigeria and UNDP to improve the country's sovereign credit ratings.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Nigerian government is pursuing the ambition of building a one trillion-dollar economy and strengthening its credit ecosystem.Also in this story
- PIDG, funded alongside IFC, helped create InfraCredit, a domestic credit enhancement institution in Nigeria.
- Nigerian banks held commercial debt obligations, and the government expanded commercial financing for infrastructure via syndicated loans.
The entities involved
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Nigeria
sovereign state in West Africa
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United Nations Development Programme
government organization in Zagreb - Centar, Croatia
Related events
- Competitors in the credit market are accessing capital at lower rates, impacting the economic landscape of the region.
- Nigeria is transitioning away from international financing sources.
- The African Development Bank provided data on agricultural credit access and shared economic challenges across the continent.
- S&P Global Ratings upgraded Nigeria's rating to 'B' due to economic performance on May 26, 2026.
- Nigeria signed a framework agreement to deepen investment and was recognized by the US as a strategic partner.