The European Bank for Reconstruction and Development (EBRD) has reaffirmed its commitment to making Nigeria an investment destination.
This commitment occurred when the Minister of Finance and Coordinating Minister of Economy, Taiwo Oyedelevisited the newly established Nigerian Country Office of the European Bank for Reconstruction and Development (EBRD) in Ikoyi, Lagos.
According to information published on the ministry’s X portal, Oyedele, during the visit, met with senior leadership of the Bank to advance Nigeria’s growing partnership with the institution.
“The meeting marked an important milestone following Nigeria’s admission as a member of the EBRD in 2025 and the commencement of the Bank’s operations in the country.
“The EBRD reaffirmed its commitment to making Nigeria one of its priority investment destinations, expressing great confidence in the country’s economic prospects and the ongoing reform programme.
“Discussions focused on expanding collaboration on infrastructure financing, financial sector development, capital market deepening, project preparation, public-private partnerships (PPPs) and sustainable economic growth.”
The Ministry of Finance said the Bank also outlined its initial investment portfolio, including the proposed Project Bridge fiber optic infrastructure initiative, along with plans to support the recapitalization of Nigerian financial institutions through equity investments, subordinated debt, guarantees and risk-sharing facilities to unlock greater financing for SMEs, agribusiness, industrial development and climate-related investments.
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“The Minister welcomed the EBRD’s decision to establish a permanent presence in Nigeria and its intention to support the development of the domestic capital market through proposed Naira-denominated bond issuances, noting that local currency financing aligns with the Federal Government’s objective of reducing foreign exchange exposure while expanding access to long-term capital.
“Both sides also explored opportunities to strengthen collaboration in project identification, preparation and implementation, with special emphasis on developing a strong portfolio of bankable infrastructure and PPP projects capable of attracting domestic and international investments. Discussions further covered green finance, climate transition, institutional reforms, financial inclusion and technical assistance to support the Federal Government’s economic reform agenda.
“The meeting concluded with a shared commitment to accelerate the implementation of priority projects, deepen strategic cooperation and mobilize investments that will strengthen the private sector, create jobs and support inclusive and sustainable economic growth,” the ministry said.
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