European development finance institutions have expanded their investment presence in Nigeria with the launch of a fresh €20m Nigeria Country Window, alongside indications that additional funding is being prepared to support infrastructure, agriculture, healthcare, renewable energy, and small businesses.
The announcement was contained in a statement issued on Tuesday in Abuja by the EU Delegation to Nigeria and ECOWAS, following the 10th Nigeria–European Union Business Forum.
European financiers said the new commitments reflect growing confidence in Nigeria’s economic reforms and long-term growth outlook.
The European Investment Bank disclosed that it signed over €500 million in financing for Nigeria in the past year across public and private sector operations, with further investments expected before year-end.
Senior Investment Officer, Corporate Division, European Investment Bank, Loic Le Ruyet, said the bank’s portfolio covers sustainable transport, healthcare manufacturing, agriculture, renewable energy, digital infrastructure, and support for small and medium-sized enterprises.
“We have signed last year over €500 million of financing in the country, in the public sector and in the financial sector mostly,” Le Ruyet said. “There is more coming this year.”
