The European Bank for Reconstruction and Development (EBRD) has set a target of investing at least $1.5 billion in Nigeria over the next three years, driven by improving macroeconomic reforms, rising investor confidence, and a growing pipeline of private sector projects.

Heike Harmgart, managing director for Sub-Saharan Africa, highlighted that the bank has already committed $280 million since Nigeria became an EBRD shareholder in 2025, with $180 million invested this year.She emphasized that the bank's medium-term goal is $1.5 billion, though she expressed optimism that the final amount could exceed this if more viable projects emerge.

Nigeria's economic potential was underscored by Hamza Al-Asaad, EBRD's country head, who noted the easing of macroeconomic challenges following government reforms.The bank remains demand-driven, prioritizing quality projects over fixed targets.The Lagos office marks the start of a planned network of Sub-Saharan African offices, with expansions in Dakar, Nairobi, Abidjan, and Cotonou.

The EBRD's long-term commitment to Nigeria is based on partnership, not short-term investments, aiming to support the country through challenges while fostering sustainable growth.