The ECOWAS Bank for Investment and Development has approved $266.7 million for strategic projects across West Africa, including major infrastructure and environmental schemes in Nigeria. The approval was made at the Bank’s 95th Board of Directors meeting held on 30 March 2026 and announced in a statement on 2 April.
Nigeria is set to receive the largest share of the funding, with $100 million allocated to the Lagos–Calabar Coastal Highway project. A further $50 million has been approved for waste management facilities in Lagos, while $91.63 million will go to transport infrastructure development in Bauchi State.
Other approvals include funding for projects in Senegal, Côte d’Ivoire, Ghana and The Gambia. These range from credit lines for small and medium-sized enterprises to industrial and agricultural projects, including manufacturing and food production initiatives.
Also Read: Wema Bank Targets More Funding For Agric, Women After $50m Credit Deal With EBID
The President of EBID, George Agyekum Donkor, said the approvals are in line with the Bank’s development strategy and its support for member states in delivering projects aligned with the Sustainable Development Goals.
Leave feedback about this
You must be logged in to post a comment.