The European Bank for Reconstruction and Development (EBRD) is targeting at least $1.5 billion in investments in Nigeria over the next three years, citing improving macroeconomic reforms, rising investor confidence, and a growing pipeline of private sector projects in Africa’s largest economy.
Speaking on Friday at the opening of the EBRD’s Lagos office, Heike Harmgart, managing director for Sub-Saharan Africa, said the bank has already committed about $280 million in Nigeria since the country became an EBRD shareholder and country of operation in October 2025, with $180 million invested since the beginning of this year.
“We’re probably looking at around $300 million this year, but we don’t have a particular ceiling or target. If we have lots of good projects, we will do lots of investments,” Harmgart said.
She said the bank’s medium-term expectation is to invest at least $1.5 billion over the next three years, although
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