Document background
The Project Finance Agreement is a crucial document used in Nigeria for structuring complex financing arrangements for large-scale infrastructure and industrial projects. It serves as the primary financing document that outlines the terms and conditions under which lenders provide funding to the project company. The agreement is particularly relevant in the Nigerian context where there is significant focus on infrastructure development and private sector participation in key sectors. It must comply with Nigerian legislation, including the ICRC Act, Companies and Allied Matters Act, and various sector-specific regulations. The document typically includes detailed provisions for security arrangements, drawdown conditions, project monitoring, environmental compliance, and local content requirements. It is designed to balance the interests of international lenders and local regulatory requirements while providing a bankable structure for project implementation.
