24/06/2026
Supporting sustainable and inclusive growth in Nigeria was at the heart of a recent EIB mission, which led to new investments in private sector development, healthcare and sustainable transport. Vice-President Ambroise Fayolle has concluded his first official visit to Nigeria, reaffirming the European Investment Bank's long-standing partnership with one of Sub-Saharan Africa's largest economies.
During the visit, Vice-President Fayolle met with senior government representatives, notably Dr. Doris Uzoka-Anite, Minister of State for Budget and Economic Planning, private sector partners and Governor Babajide Sanwo-Olu in Lagos, as well as the Emir of Kano. He also visited EIB-financed projects on the ground, including the flagship Omi Eko Waterways project.
The visit marked the announcement of new investments to support Nigeria's sustainable and inclusive growth:
🔹 €200 million partnership with the Development Bank of Nigeria to strengthen the competitiveness of SMEs and mid-caps, particularly in the green and digital sectors.
🔹 First operation with Wema Bank Plc. to boost youth employment, gender equality and women's economic empowerment, alongside technical assistance to support green finance best practices.
🔹 Visit to Fidson Healthcare Plc, one of the first beneficiaries of the €50 million healthcare financing agreement signed with the Bank of Industry Limited.
Vice-President Fayolle also reaffirmed the EIB's €170 million commitment to the Omi Eko Project in Lagos. As the project's largest financier, the EIB is supporting a more efficient, resilient and affordable waterways transport system, improving urban mobility and delivering socio-economic and environmental benefits.
In 2025, Nigeria was the EIB's first country of operations in Sub-Saharan Africa, and the partnership continues to support impactful investments across the country.