The Bank of Industry (BoI) has signed a £100 million agreement with the French Development Agency (AfD) to expand green finance in the country, giving the fight against climate change in the country a boost.
The 10-year facility is priced at 2.47 per cent per annum with a four-year moratorium by mixing various concessional resources.
Managing Director, BoI, Olukayode Pitan, disclosed this at the signing ceremony in Lagos.
Pitan said, AFD approved the transaction as part of its Transforming
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