African Export-Import Bank (Afreximbank) has disbursed an additional $925 million to the federal government of Nigeria under the syndicated $3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited.
The latest disbursement brings the total current funded facility to $3.175 billion.
In December 2023, the project received funded commitments totaling US$2.25 million while the $925 million accordion arrangement raises the total amount disbursed to $3.175 billion.
