Document background
The Project Support Agreement is a fundamental document used in Nigerian project finance and development initiatives where government support is essential for project viability. It is typically employed when implementing large-scale infrastructure, energy, or other development projects that require specific government backing or guarantees. The agreement becomes necessary when private investors or project developers need assurance of government support in areas such as permits, approvals, fiscal incentives, or other facilitating measures. Under Nigerian law, this agreement serves as a critical risk mitigation tool, providing comfort to project sponsors and lenders by documenting government commitments and support mechanisms. The document is particularly important in the context of public-private partnerships and foreign investment projects, where government support can significantly impact project bankability and success.
