European Bank reaffirms commitment to investment in Nigeria

The European Bank for Reconstruction and Development (EBRD) has reaffirmed its commitment to making Nigeria an investment destination.

This commitment came as the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, visited the newly established Nigeria Country Office of the European Bank for Reconstruction and Development (EBRD) in Ikoyi, Lagos.

According to information posted on the ministry’s X handle, Oyedele, during the visit, met with the Bank’s senior leadership to advance Nigeria’s growing partnership with the institution.

“The meeting marked an important milestone following Nigeria’s admission as an EBRD member in 2025 and the commencement of the Bank’s operations in the country.

“The EBRD reaffirmed its commitment to making Nigeria one of its priority investment destinations, expressing strong confidence in the country’s economic outlook and ongoing reform programme.

“Discussions centred on expanding collaboration across infrastructure financing, financial sector development, capital market deepening, project preparation, Public-Private Partnerships (PPPs), and sustainable economic growth.”

The Ministry of Finance said the Bank also outlined its initial investment pipeline, including the proposed Project Bridge fibre optic infrastructure initiative, alongside plans to support the recapitalisation of Nigerian financial institutions through equity investments, subordinated debt, guarantees and risk-sharing facilities to unlock greater financing for SMEs, agribusiness, industrial development and climate-related investments.

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“The Minister welcomed the EBRD’s decision to establish a permanent presence in Nigeria and its intention to support the development of the domestic capital market through proposed Naira-denominated bond issuances, noting that local currency financing aligns with the Federal Government’s objective of reducing foreign exchange exposure while expanding access to long-term capital.

“Both parties also explored opportunities to strengthen collaboration on project identification, preparation and implementation, with particular emphasis on developing a robust pipeline of bankable infrastructure and PPP projects capable of attracting domestic and international investment. Discussions further covered green finance, climate transition, institutional reforms, financial inclusion and technical assistance to support the Federal Government’s economic reform agenda.

“The meeting concluded with a shared commitment to accelerate the implementation of priority projects, deepen strategic cooperation and mobilise investment that will strengthen the private sector, create jobs and support inclusive, sustainable economic growth,” the ministry stated.