Urban Development Bank

Parent Organization: FEDERAL MINISTRY OF LANDS, HOUSING AND URBAN DEVELOPMENT

Type: Agency

Principal Officers

Quick Information

The Agency

Past Officials of the Agency

Finances
  • Staff size n/a
  • Revenues (IGR) n/a
  • Budget Allocation () n/a
  • Recurrent Expenditure n/a
  • Capital Expenditure n/a

Related Organizations/Units

Contact Information

Establishment Act

URBAN DEVELOPMENT BANK OF NIGERIA ACT

137_Law_URBAN DEVELOPMENT BANK OF NIGERIA ACT.pdf
Areas of statutory responsibilities and functions

Without prejudice to the provisions of its Articles of Association, the Bank may, with the approval of the Minister of Finance, raise funds of such amount (in foreign currency) from anyone or more of the following sources, that is-

(a) the International Bank for Reconstruction and Development (the World Bank);
(b) the International Development Association;
(c) the European Investment Bank and Fund;
(d) the African Development Bank;
(e) bilateral loans and grants on government to government basis;
(f) Shelter Afrique and other donors; and
(g) other multilateral loans and donor agencies.

Power to manage other offshore funds procured for urban development

Funds obtained from the aforementioned sources and other off-shore sources, other than by the Bank, which are meant for urban and infrastructural development projects in Nigeria whether by way of general loans, tied loans, bilateral loans, or grants on government to government basis shall be channelled through the Bank which shall have responsibility for the management of such funds.

Addresses/Contact info of offices in all States and in FCT

Abuja:

Plot No. 977, Central Business Area,
(Adjacent National Mosque)
Abuja FCT
P. M. B. 272, Garki Abuja.
Tel: 09-6710863; 6706169
Email: enquiries@udbng.com

 

Lagos:

No. 52 Ahmadu Bello Way 
Legico Bus Stop Victoria Island, Lagos 
P. M. B. 80093 
Tel: 01-2620234 
Fax: 01-2620210