The European Bank for Reconstruction and Development (EBRD) has approved a $100 million investment in Nigeria’s Project BRIDGE, the Federal Government’s fibre-optic expansion programme.
Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, announced the development on X, noting that the funding supplements the $500 million previously approved by the World Bank Group for the project.
Tijani said the approval came after a successful two-week investment tour across six European countries, aimed at securing partnerships to deploy 90,000 kilometres of fibre-optic cable nationwide.
He also disclosed that the European Union pledged a €22 million grant for the project as part of a broader €45 million digital economy package. The package includes €18 million for digital public services and €5 million to support the 3 Million Technical Talent (3MTT) programme.
“As we conclude the final leg of our Project BRIDGE Investment Tour in Europe, following highly positive engagements, I am pleased to confirm the formal approval by the EBRD Board to proceed with a $100 million investment in Project BRIDGE,” Tijani said.
