European development finance institutions have expanded their investment footprint in Nigeria, unveiling a fresh €20 million Nigeria Country Window and announcing that additional financing is in the pipeline to support infrastructure, agriculture, healthcare, renewable energy and small businesses.
The announcement was contained in a statement issued by the European Union Delegation to Nigeria and ECOWAS on Tuesday, in Abuja, following the 10th Nigeria-European Union Business Forum.
European financiers said the new investments reflect growing confidence in Nigeria’s ongoing economic reforms and long-term growth prospects.
The European Investment Bank disclosed that it signed more than €500 million in financing for Nigeria over the past year across both public and private sector operations, with additional investments expected before the end of the year.
Senior Investment Officer, Corporate Division, European Investment Bank, Loic Le Ruyet, said the bank’s portfolio spans sustainable transport, healthcare manufacturing, agriculture, renewable energy, digital infrastructure and support for small and medium-sized enterprises.
