Nigeria Movable Asset Based Lending Project 1

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Through this project, IFC will provide Advisory Services and Technical Assistance (in the capacity of an honest broker) to the Central Bank of Nigeria (the main client), as well as the National Collateral Registry (NCR) and designated industry associations such as the Nigeria Bankers Association and Association of Microfinance Banks. It will support regulatory reforms supportive of lending against movable assets and implement activities for enhancing the effectiveness of the collateral registry system and promoting asset-based lending especially for MSMEs and women owned businesses. These would improve the effectiveness of the collateral registry for financial inter-mediation, boost lending to micro and small businesses and foster an enabling environment supportive of sustainable investment and market creation opportunities.