{"id":8962,"date":"2016-10-12T15:21:06","date_gmt":"2016-10-12T14:21:06","guid":{"rendered":"http:\/\/nationalwire.com.ng\/?p=8962"},"modified":"2016-10-12T15:21:33","modified_gmt":"2016-10-12T14:21:33","slug":"uba-european-investment-bank-seal-e60-million-investment-deal","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/","title":{"rendered":"UBA, European Investment Bank Seal \u20ac60m Investment Deal"},"content":{"rendered":"<p><a href=\"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/08\/uba-LOGO.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-thumbnail wp-image-8186\" src=\"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/08\/uba-LOGO-150x103.jpg\" alt=\"uba LOGO\" width=\"150\" height=\"103\" \/><\/a><\/p>\n<p><strong>UBA, European Investment Bank Seal \u20ac60 million Investment Deal<\/strong><\/p>\n<p>The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB\u2019s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to private companies in Nigeria.<\/p>\n<p>According to a statement from UBA yesterday, the new private sector lending programme was formally agreed on at the just concluded World Bank Annual Meetings in Washington DC.<\/p>\n<p>The Vice President of the European Investment Bank, Ambroise Fayolle and the Group Managing Director, UBA, Kennedy Uzoka, and Head of Global Financial Institutions, UBA, Sola Yomi-Ajayi.<\/p>\n<p>\u201cPrivate sector investment is crucial for creating jobs and ensuring sustainable economic growth. The European Investment Bank is committed to unlocking investment across Africa and we are pleased to build on past success to strengthen our partnership with UBA that will benefit projects across Nigeria,\u201d Fayolle said.<\/p>\n<p>Speaking at the signing ceremony, Uzoka said \u201cOur growing partnership with the European Investment Bank underlines our long term objective of facilitating the development and growth of African businesses. This facility will enable UBA bridge critical financing gaps for Nigerian companies and deepen our capacity to support their growth aspirations in the local and international market place.\u201d<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>Also, the Head of the European Union Delegation to Nigeria and ECOWAS, Ambassador Michel Arrion, described the programme as an example of the catalytic role the EU and its institutions like the EIB are playing to support Nigeria\u2019s economic development. \u201cWe look forward to more fruitful partnerships with Nigeria, and particularly with the private sector, which remains the engine of economic growth.\u201d<\/p>\n<p>According to the statement, the deal represents the first Nigerian operation under the European Investment Bank\u2019s new dedicated Nigeria Private Enterprise Investment Facility, a wider million lending scheme intended to support private sector investment in the country.<\/p>\n<p>Under the new initiative private sector entrepreneurs and companies will be able to use loans with a longer tenor than traditionally available to invest and expand activities across a range of sectors.<\/p>\n<p>\u201cThe new loan will also fund capital expenditure by UBA to strengthen their support for private investment, through expansion of their branch network and improving information technology. The European Investment Bank has supported infrastructure and private sector investment in Nigeria since 1978.<\/p>\n<p>\u201cThe European Investment Bank is the world\u2019s largest international public bank and over the last five years has provided EUR 12.8 billion for investment across Africa,\u201d the statement added.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>UBA, European Investment Bank Seal \u20ac60 million Investment Deal The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB\u2019s largest ever loan to UBA and will allow UBA to provide longer term loans than currently &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":8186,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17,624],"tags":[36,818,727],"coauthors":[2392,2393],"class_list":["post-8962","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","category-politics","tag-cbn","tag-ndic","tag-uba"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UBA, European Investment Bank Seal \u20ac60m Investment Deal - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBA, European Investment Bank Seal \u20ac60m Investment Deal - National Wire\" \/>\n<meta property=\"og:description\" content=\"UBA, European Investment Bank Seal \u20ac60 million Investment Deal The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB\u2019s largest ever loan to UBA and will allow UBA to provide longer term loans than currently &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-12T14:21:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-10-12T14:21:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2016\/08\/uba-LOGO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"160\" \/>\n\t<meta property=\"og:image:height\" content=\"103\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2016\/08\/uba-LOGO.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2016\/08\/uba-LOGO.jpg\",\"width\":160,\"height\":103},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/\",\"name\":\"UBA, European Investment Bank Seal \u20ac60m Investment Deal - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/#primaryimage\"},\"datePublished\":\"2016-10-12T14:21:06+00:00\",\"dateModified\":\"2016-10-12T14:21:33+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UBA, European Investment Bank Seal \u20ac60m Investment Deal\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UBA, European Investment Bank Seal \u20ac60m Investment Deal - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/uba-european-investment-bank-seal-e60-million-investment-deal\/","og_locale":"en_US","og_type":"article","og_title":"UBA, European Investment Bank Seal \u20ac60m Investment Deal - National Wire","og_description":"UBA, European Investment Bank Seal \u20ac60 million Investment Deal The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. 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