IFC becomes AIICO’s partner

International Finance Corporation (IFC), a member of World Bank Group, one of the most important institutions involved in the development of the private sector, has entered into a financial agreement with AIICO Insurance.

The Nigerian group is expected to benefit from a 20 million USD fund disbursed as a convertible loan to be used for AIICO’s expanding operations across the country.

They will not only support the growth of agency network and sales centers, but they will also contribute to building computer systems.

This loan is an indirect support to the economy of the country because it is poised to support investment and employment throughout Nigeria.