European development financiers commit over €500m to Nigeria, signal more investments

European development finance institutions have reaffirmed their confidence in Nigeria’s ongoing economic reforms, announcing expanded investments exceeding €500 million across critical sectors, with additional financing expected in the coming months.
The commitment was made during the 10th Nigeria-European Union (EU) Business Forum in Lagos, where development financiers said Nigeria’s reform agenda has strengthened investor confidence and positioned the country for increased long-term investment.
Speaking during a financing session at the forum, Senior Investment Officer (Corporate Division) at the European Investment Bank (EIB), Mr Loic Le Ruyet, disclosed that the bank signed more t...