The funding, done with the support of Canada, was disclosed in a statement on Thursday in Lagos.
The agreement was signed on Monday during the Mission 300 Africa Energy Summit in Dar es Salaam.
A statement on the AFDB’s website late Thursday said the loan will enable Indorama to increase its fertiliser production and develop a port terminal for exports.
Investing in northern Nigeria is integral to IFC’s strategy to promote sustainable development in underserved regions.
TETFund said the move was part of efforts to improve employability in the country.
