British International Investment (BII), the United Kingdom’s development finance institution (DFI) and impact investor, has signed a $40.5 million loan facility aimed at boosting cocoa production in Nigeria.
The signing ceremony was held on Tuesday at Transcorp Hilton, Abuja, and attended by Nairametrics.
The loan investment from BII aims to support the rehabilitation and refurbishment of Johnvents’ Group’s second cocoa processing facility in Ile-Oluji, Ondo State.