The Federal Government has secured a $100 million investment from the European Bank for Reconstruction and Development (EBRD) for Nigeria’s Project BRIDGE, the federal government’s fibre-optic expansion programme.
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, disclosed this on his verified X account at the conclusion of the Project BRIDGE Investment Tour in Europe.
The new commitments add to the $500 million financing earlier approved by the World Bank Group for the project.
According to the minister, the Board of the EBRD has formally approved the $100 million investment to support the deployment of fibre infrastructure across Nigeria.
“As we conclude the final leg of our Project BRIDGE Investment Tour in Europe this week, following several extremely positive engagements, I am pleased to confirm the formal approval by the Board of the European Bank for Reconstruction and Development EBRD to proceed with a $100 million investment in Project BRIDGE.”
According to Tijani, the package includes €18 million for digital public services and €5 million to support the 3 Million Technical Talent (3MTT) programme, as well as €18 million for Digital Public Services and €5 million to support our 3MTT Nigeria Programme.
“These approvals are deeply reassuring as we reflect on the hard work and the air miles, across six countries in two weeks to secure the partnerships required to deploy 90,000km of fibre across Nigeria, delivering meaningful connectivity to all Nigerians,” he stated.
