Development Finance · OP-015 · Confidential

Lagos–Calabar coastal corridor co-financing

Qualified
African Development Bank · sponsor Adaeze Okonkwo · Infrastructure Corporation of Nigeria
Potential value
US$600m
estimate · 2 tranches
Realised value
—
awaiting Board approval
Linked commitments
2
Open actions
2
Next action due
16 Oct
Stage & next action
  1. Identified
  2. 2Qualified
  3. 3Negotiation
  4. 4Committed
  5. 5Realised
Confirm appraisal mission dates
Due 20 Oct 2026 · owner Adaeze Okonkwo
Description & details

AfDB co-financing of phase 2 alongside sovereign contribution. Tranche 1 US$800m on effectiveness; tranche 2 US$700m against subsidy-reform and social-protection milestones.

Category
Development Finance
Stakeholder
African Development Bank
Counterpart
Kofi Mensah
Sponsor / owner
Adaeze Okonkwo
Institution
Infrastructure Corporation of Nigeria
Linked priority
#2 Sovereign & development financing
Source meeting
AfDB — Infrastructure Financing Discussion
Created
12 Oct 2026 · Aisha Bello
Linked commitments & actions
RecordOwnerDueStatus
WBG to table a US$1.5bn DPF envelope for Board consideration in Q1 2027Aisha BelloAisha BelloFMFQ1 2027Open
Nigeria to share the updated reform matrix and social-protection roll-out planAisha BelloAisha BelloFMF16 Oct 2026In progress
Share Nigeria's fiscal policy reform details with WBG teamAisha BelloAisha BelloFMF16 Oct 2026In progress
Prepare concept note for WB technical assistanceAlhaji Ibrahim DanladiAlhaji Ibrahim DanladiNIPC18 Oct 2026In progress
Materials
PDF
DPF concept note — draft 2.pdf
2.1 MB
XLS
Reform matrix v4.xlsx
318 KB
DOC
WBG Board calendar note.docx
84 KB
Activity
Aisha Bello
Aisha Bello moved the stage to Negotiation after the 10:00 meeting
Today 11:02
Ngozi Okafor
Ngozi Okafor linked commitment CM-011
Today 11:05
David Adeola
David Adeola attached the DPF concept note draft 2
Yesterday 17:40
Aisha Bello
Aisha Bello created the opportunity from M-001
Sun 12 Oct