Nigeria lands $126m European backing for national fibre project
Tech • 4d ago
Nigeria has secured its first major investments from European partners for its national fibre-optic rollout, Project BRIDGE, a key financing for the country’s plan to expand high-speed connectivity across all 774 local government areas.
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the development on Wednesday, February 25, after concluding a two-week investment tour across six European countries.
In a statement on X, Tijani said the Board of the European Bank for Reconstruction and Development (EBRD) has approved a $100 million investment in Project BRIDGE, one of the lender’s largest commitments to Nigeria’s digital infrastructure sector.
The approval adds to the $500 million already secured from the World Bank.
The fresh backing sends a stro...