The Federal Government has secured a $100 million investment from the European Bank for Reconstruction and Development (EBRD) to support Nigeria’s nationwide fibre-optic expansion programme, Project BRIDGE.
Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, disclosed the approval on his verified X account at the conclusion of the Project BRIDGE Investment Tour in Europe.
According to Tijani, the Board of the EBRD has formally approved the $100 million financing to support the deployment of fibre infrastructure across the country.
“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 to proceed with a $100 million investment in Project BRIDGE,” the minister said.
The new commitment adds to the $500 million financing earlier approved by the World Bank Group for the project.
Tijani said the package also includes €18 million dedicated to digital public services and €5 million to support the Federal Government’s 3 Million Technical Talent (3MTT) 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.
Project BRIDGE, formally known as Building Resilient Digital Infrastructure for Growth, is the Federal Government’s flagship broadband expansion initiative aimed at deploying 90,000 kilometres of fibre-optic cables nationwide.
The project is being implemented through a Special Purpose Vehicle structured to attract private capital and encourage public-private partnerships. The government has positioned the initiative as a critical foundation for expanding broadband penetration, strengthening digital public infrastructure and accelerating Nigeria’s participation in the global digital economy.
With combined backing from the World Bank and the EBRD, the government is seeking to fast-track deployment while attracting additional global financiers and technology partners.
