Nigeria Trust Fund (NTF) - African Development Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Africa
Thematic focus: 
Tourism in general
Policy and Governance in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
The Nigeria Trust Fund (NTF) was created in 1976 by agreement between the Bank Group and the Nigerian government. The NTF is a self-sustaining revolving fund. Its initial capital of US$ 80 million was replenished in 1981 with US$ 71 million. In 2008, the Federal Republic of Nigeria and the Bank agreed to a ten-year extension of the NTF.

Official website

www.afdb.org/en/about-us/nigeria-trust-fund-ntf/

Geographic focus

Low income countries in Africa.

Who can apply?

Both the public and private sector can apply. NTF resources are allocated to projects in low income countries, not to the countries.

Objectives and activities

Objective: Its objective is to assist the development efforts of the Bank's low-income regional member countries whose economic and social conditions and prospects require concessional financing.

Activities: For the public sector operations, the focus will be on projects in infrastructure, agriculture and regional integration. NTF resources can be used for:

  • Concessional loan operations with long-term maturity;
  • Concessional loan operations with short-term maturity;
  • Private sector operations.

Type and level of funding

NTF resources can co-finance operations with the AfDB and the ADF, as well as fund stand-alone operations, in both the public and the private sector. Supplementary loans for Bank Group financed projects can also be considered. A funding ceiling of US$ 10 million (approximately UA 6.5 million)  per project applies.

The NTF only provides concessional loans. Only low income countries are eligible to loans ie: classified with a moderate risk « yellow » or a low risk « green » according to the Debt sustainability framework jointly established by the World Bank and the IMF  for low income countries.

A call for proposal is launched annually in October.