Nigerian IMO State Government Road Project
[NIGERIA]
Nationwide Equipment supplied and shipped a fleet of 30 “new” Caterpillar road graders, which were delivered to the IMO State Government Road Authority in Nigeria for upgrading and enhancement of villages internal road networks. Nationwide Equipment provided warranty for all machines on a lease-to-own finance arrangement for the government. Nationwide Finance accepted customer’s deferred payment terms by Local Bank Guarantee.
Financing: Arranged by Nationwide Finance which successfully raised required offshore capital on behalf of Platinum Habib Bank of Nigeria.
Dollar Amount: $8,800,000 (millions)
