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Title:
Nigeria - African Trade Insurance (ATI) - Country Membership Programme
Detail:
The African Trade Insurance Agency (ATI) Country Membership Programme is designed because of the FRN lacks the necessary capacity and financial resources to effectively navigate the numerous issues impacting on successful implementation of trade finance and underwriting of investment risks. It aims to strengthen the capacity of FRN with the necessary financial resources for membership subscription in the ATI. This will enable the country to mobilise significant foreign direct investment (FDI) while offering greater underwritten insurance cover for both the sovereign and the private sector in support of the country’s economic recovery efforts. The expected outputs of the programme are: (i) African Trade Insurance Agency (ATI) will sign a participation agreement with FRN, to enable ATI to start operations in the country. This will allow; (ii) FRN to finalize its membership subscription process through the consummation of all relevant shareholding formalities; and finally (iii) FRN will become a member country in which the ATI is able to conduct business.
Country:
Nigeria
Source:
African Development Bank Group
Published Date:
13.12.2018
URL:
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Regions:
Africa Sub-Saharan Africa Western Africa
Sectors:
Banking-Finance-Insurance Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
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