Driving growth in SME and climate finance in Nigeria

ILX participated in a loan structured by the IFC to one of the largest banks in Nigeria. The participation supported the bank’s expansion of its lending programme to women-owned SMEs and climate-smart projects. This enabled the bank to further scale its dedicated programmes for women entrepreneurs while strengthening its position as a frontrunner in climate finance. Through the transaction, the bank committed to increasing its balance sheet exposure to WSMEs by 92% and to climate finance by 58%. The transaction has since been fully exited.