The Urban Development Bank of Nigeria PLC. (UDBN PLC) is a specialized financial intermediary which aims at facilitating investments in Nigeria’s infrastructure. UDBN PLC aims at serving as the premier infrastructure development bank in Nigeria.
Nigeria faces a significant infrastructure gap which is a major bottleneck to the productivity of the private sector. The country’s infrastructure deficit which is evident in a number of areas: inadequate power generation and distribution, inefficient port services, and poor transportation networks etc. In addition, investments in social infrastructure, such as health and education facilities all need to be accelerated. Overall, the quality and affordability of key infrastructure in Nigeria tends to be lower than that for other comparator emerging market countries.
UDBN’s mission is to assist in addressing the country’s infrastructure gap by facilitating private sector investments in Nigeria’s infrastructure. Our strategic approach builds on best practices in infrastructurefinance as adopted in other emerging market economies such as Brazil, India and South Africa.
The Federal Government of Nigeria in its bid to address the transportation challenges being experienced nationwide, has established a Public Mass Transit Revolving Fund with the objective of increasing the availability of vehicles to the public through eligible transport operators across the country.