Nigeria Secures $100 Million From European Bank to Finance Project Bridge
Nigeria has received a $100 million investment from the European Bank for Reconstruction and Development to support the nationwide connectivity initiative, Project Bridge.
The Nigerian government, through its Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has announced securing a $100 million investment from the European Bank for Reconstruction and Development (EBRD) to finance Project Bridge. This project is part of a broader initiative aimed at increasing connectivity across Nigeria, especially in underserved communities. Additionally, the initiative has attracted further funding from the European Union, which has allocated €22 million toward the digital economy in the country.
Project Bridge, unveiled by the federal government in August 2025, focuses on expanding access to high-speed internet by deploying extensive fiber-optic infrastructure throughout Nigeria. This initiative is expected to significantly enhance the digital capabilities of numerous communities that currently have limited or no internet access. The emphasis on improving connectivity is seen as crucial for fostering economic growth and enabling better access to digital services across the country.
The implications of this investment are significant, as increased connectivity can lead to improved educational opportunities, better healthcare delivery, and enhanced economic activities. By bridging the digital divide, Nigeria aims to position itself as a competitive player in the global digital economy, ultimately benefiting its citizens and fostering a more integrated digital landscape.