The ECOWAS Bank for Investment and Development (EBID) has approved $241.6 million in funding to support Nigeria’s transport networks, urban waste management, and critical infrastructure projects. The approvals were part of a broader $266.7 million and XOF 30 billion regional package aimed at promoting sustainable growth across West Africa, covering member states including The Gambia, Ghana, Senegal, and Côte d’Ivoire.

Key highlights of Nigeria’s allocation include:

• Lagos–Calabar Coastal Highway: $100 million to link nine coastal states, improve regional connectivity, and reduce logistics costs.

• Waste Management in Lagos: $50 million to develop modern waste facilities through public-private partnerships, increase recycling rates to 45%, generate over 5,000 jobs, and produce around 60,000 tonnes of organic compost annually.

• Bauchi State Transport Infrastructure: $91.63 million for climate-resilient road development to improve logistics, agricultural access, and essential service delivery.

George Agyekum Donkor emphasised that the funding targets projects aligned with the Sustainable Development Goals, focusing on infrastructure, agro-industry, environmental management, and industrial transformation.

This initiative highlights Nigeria’s central role in West Africa’s development finance landscape and reflects EBID’s commitment to inclusive, resilient, and integrated regional growth.

By upgrading transport corridors, waste systems, and critical infrastructure, these investments are expected to improve economic efficiency, create jobs, and enhance environmental sustainability across the country.