Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. ‘Bosun Tijani, has announced fresh international funding commitments for Project BRIDGE, including a $100 million investment from the European Bank for Reconstruction and Development (EBRD) and a €22 million grant from the European Union.
Tijani disclosed the development on Wednesday via his X handle, confirming that the EBRD Board has formally approved the $100 million investment in Project BRIDGE.
“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,” he wrote.
The minister noted that the new commitment is in addition to the already approved $500 million financing from the World Bank Group for the project.
He also revealed that Nigeria signed the European Union Digital Economy Package worth €45 million earlier in the week. According to him, the package includes a €22 million grant for Project BRIDGE, €18 million for Digital Public Services, and €5 million to support the 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 90,000 km of fiber across Nigeria, delivering meaningful connectivity to all Nigerians,” Tijani stated.
Project BRIDGE is designed to expand Nigeria’s fiber optic infrastructure, with a target of deploying 90,000 kilometers of fiber nationwide to enhance broadband access and digital connectivity.
