Climate Finance Advisor

PROJECT BACKGROUND

 

TetraTech International Development (formerly WYG International) is delivering the FCDO-funded United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), a technical assistance facility which aims to improve the lives of some of Nigeria’s most impoverished people by enhancing the way infrastructure is designed and delivered in the country.

The UKNIAF programme is active across the Power sector, the Federal Road network, and Infrastructure Finance. Working with the Federal Government of Nigeria, selected state governments and the wider international community, UKNIAF aims to catalyse a transformational change in livelihoods across Nigeria by unblocking obstacles to growth.

UKNIAF’s Infrastructure Finance Component is committed to developing a $3 billion pipeline of bankable private sector financed projects, at least $1 billion of which will be at or close to financial close by 2023.

THE ASSIGNMENT

 

This assignment supports the delivery of UKNIAF-supported transactions across the three thematic areas of a) institutional and human capacity development, b) project development and transaction support, and c) project finance and credit enhancement as outlined below in Table 1. It is however our expectation that the principles, tools, and impact of UKNIAF technical assistance will be adopted more widely across the GoN on account of its demonstrated success in delivering projects through the accelerated project delivery framework to financial close.

Table 1. IF Thematic Areas of Technical Assistance.

Key Activities	Description
Institutional & Human Capacity Development	Engage Federal Ministry of Finance, Budget and National Planning (FMFBNP), Office of the Vice President (OVP), Bureau of Public Enterprises (BPE), Infrastructure Concession Regulatory Commission (ICRC) and selected sub-nationals as key entry points for establishing an accelerated project delivery framework for the delivery of a $3billion pipeline of climate resilient, inclusive and sustainable infrastructure projects. Develop and deploy key tools and process enhancements that serve to improve the management of contingent liabilities, mainstream climate resilience and PGESI considerations in the selection, prioritisation and development of key infrastructure projects. Ad-hoc technical support for the PPP Division towards the management of a Credit Enhancement Framework to facilitate $10bn of infrastructure finance. Coordinate and implement learning by doing approach to capacity development for UKNIAF supported PDTs[1] and FMFBNP.
Project Development/ Transaction Support	Develop and promote a $3billion pipeline of climate smart infrastructure projects. Progress projects through the accelerated project delivery framework by engaging with all key stakeholders. Support the development of Project Concept Notes and OBCs for at least 3 climate smart infrastructure projects aligned with the funding support of other donors and financial institutions.
Project Financing & Credit Enhancement	Secure at least $1m in funding support for project preparation for UKNIAF supported projects. Mobilise up to $1billion in private finance for climate smart infrastructure projects.

.

KNOWLEDGE TRANSFER & CAPACITY BUILDING

 

The sustainability of the process and capacity enhancements proposed in this Task Order relies upon effective engagement, knowledge transfer and institutional and human capacity development of key officers within the public sector MDAs screened and selected for UKNIAF support.

All consultants deployed on this assignment will be required to work alongside key officers in selected MDA Project Teams. In effect, UKNIAF Consultants will work collaboratively with the counterpart’s Project Development Team, so as to ensure that specific knowledge management processes, tools and templates – including guidance manuals are developed to guide practice, capture lessons learned, and ensure institutional memory is codified, retained and available to support new members of the Project Development Team as the project evolves. This can take the form of position papers, guidance manuals, After Action Reviews, and structured webinars, knowledge sharing and skills workshops.

KEY RESPONSIBILITIES – Climate Finance Advisor

 

This is a fixed term role, as part of the overall UKNIAF Infrastructure Finance Component team to deliver Year 2 output targets. The Climate Finance Advisor will work as part of a Technical Advisory Panel for the development and review of Concept Notes, Outline Business Cases, Full Business Cases, and Transaction Support as the case may be, focusing specifically on the climate financing related works of the Infrastructure Finance Component.

Specifically, the post holder will be responsible for:

• • Providing information and analyses on the status of climate financing in and for Nigeria with particular attention to drivers that are critical for attracting private capital for infrastructure at the Federal and Sub-National levels of Government.
  • Advising on matters relating to UKNIAF’s sustainability goals of SDG 5, 7, 9 and 12 as well as climate change issues in the development of proposals to access project preparation funding.
  • Conducting analysis across a range of climate financing instruments (loans, equity, bonds, grants, guarantees etc.) for infrastructure investments while proposing viable options for various infrastructure opportunities across sectors.
  • Providing direction and guidance on the financial structuring of infrastructure projects particularly as it relates to the development of bankable projects for accessing climate finance instruments.
  • Contributing as required to the development of OBCs, preparation of tender documents, coordination of the bid evaluation processes, and in particular, capturing lessons learned and ensuring the effectiveness of UKNIAF capacity building processes and approach across projects.
  • Supporting the PPP/Infrastructure Finance team with any additional work required in keeping with the role.

PERSON SPECIFICATION

 

Summary of person profile:

• • First degree in Finance, Economics, Environmental Science, Engineering or related fields.
  • Master’s Degree or higher in any of the above considered an added advantage.
  • Minimum of 15 years of relevant experience in advising on and/or mobilising infrastructure finance with at least six years of demonstrable experience in advising on and/or mobilising climate finance.
  • Demonstrably good analytical and reporting skills.
  • Sound knowledge of the global climate finance industry.
  • Sound knowledge of the UK’s International Climate Fund.
  • Evidenced ability to build partnerships with businesses and financial institutions and to work effectively with diverse stakeholder groups.

SPECIAL REQUIREMENTS

The position is based in Abuja, with limited travel as a result of COVID19 restrictions. Some out of hours work might be required.

Applications close:  Monday 26th of April 2021, 9pm UK time

Tetra Tech International Development has a 40-year history in successfully delivering international development projects on behalf of donors around the world, including the UK’s Department for International Development (DFID), Foreign Commonwealth Office (FCO), and the European Union (EU). Our people are focused on improving lives by working side by side with local partners to support stability, economic growth, and good governance. Tetra Tech International Development  is part of Tetra Tech, a global family of experts providing international development services in over 13 key practice areas in over 100 countries around the world. Tetra Tech serves the major aid markets in the UK and Europe, as well as the U.S. Agency for International Development, the U.S. Department of State, Australia’s Department of Foreign Affairs and Trade, and multilateral development banks.

 

Tetra Tech International Development has robust policies and guidelines which exemplify our commitment to safeguarding and technical excellence in gender equality. Our team of dedicated GEDSI advisers work closely with our staff and partners to ensure a context-specific and consistent approach is applied to all of our programmes to improve the livelihoods of the world’s most marginalised groups