The European Bank for Reconstruction and Development (EBRD) has announced a plan to invest at least $1.5 billion in Nigeria over the next three years.
The commitment signals continued institutional confidence in the West African nation despite ongoing macroeconomic headwinds.
25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme.
The EBRD's pledge arrives shortly after the World Bank approved a $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme.
That earlier financing was directed toward developing capital markets, modernizing digital infrastructure, and supporting job creation, even as public concern mounts over the country's rising debt burden.
Together, these moves underscore a coordinated push by multilateral lenders to support Nigeria's economic reforms.
The EBRD's focus typically aligns with private sector development and market-oriented reforms, complementing the World Bank's broader infrastructure and social spending mandates.