The European Investment Bank (EIB) has strengthened its financial commitment to Nigeria, with total lending to the country reaching €550 million in 2025, as Lagos State seeks to leverage international funding to transform its transportation infrastructure through the Omi Eko Project.
The disclosure was made during a visit by a delegation of the EIB, led by its Vice President, Ambroise Fayolle, to Lagos House, Marina, where discussions focused on investment opportunities, sustainable development and the implementation of strategic infrastructure projects.
Fayolle revealed that Nigeria had become the bank’s largest country of operations in Africa, reflecting growing confidence in the country’s economic potential and strengthening ties between Nigeria, the European Union and the EIB.
Related News
As part of its expanding footprint, the EIB recently signed a €200 million facility with the Development Bank of Nigeria to support digital and green investments by micro, small and medium-sized enterprises (MSMEs).
The bank also
This post was originally published on this site.
