The European Bank for Reconstruction and Development (EBRD) has announced plans to invest at least $1.5 billion in Nigeria over the next three years as part of its expansion into Sub-Saharan Africa.
The projection was unveiled during the inauguration of the bank’s first office in Sub-Saharan Africa, located in Lagos. Speaking at the event, EBRD Managing Director for Sub-Saharan Africa, Heike Harmgart, and the bank’s Country Director and Head of Nigerian Operations, Hamza Al-Assad, reaffirmed the institution’s commitment to supporting Nigeria’s private sector.
The investment plan follows the EBRD’s commencement of operations in Nigeria in October 2025, reflecting the bank’s confidence in the country’s economic potential and investment opportunities.
Harmgart explained that the institution adopts a demand-driven investment strategy, focusing on financing bankable and commercially viable projects rather than working with fixed country allocations.
She disclosed that the bank has already invested approximately $280 million in Nigeria within its first year of operations, with about $180 million committed during the first half of the current year alone.
According to her, the EBRD expects total investments in Nigeria to reach around $300 million before the end of the year, although the bank is not operating with a strict investment ceiling.
She added that the institution intends to pursue every viable investment opportunity available and projects that its total financing in Nigeria will reach at least $1.5 billion over the next three years, subject to the availability of quality projects.
