The ECOWAS Bank for Investment and Development (EBID) has approved $266.7 million and another XOF30 billion to support a portfolio of strategic infrastructure projects in Nigeria, The Gambia, Ghana, Senegal, and Côte d’Ivoire.
The approvals, granted at the 95th Session of the Board of Directors of the regional bank, underscored the bank’s continued commitment to advancing sustainable, inclusive, and resilient development in the region.
Specifically, the bank approved $100 million for the construction of the Lagos–Calabar Coastal Highway, the strategic corridor, spanning nine coastal states. The project is expected to enhance national and regional connectivity, ease congestion, improve logistics efficiency, and stimulate regional trade.
It also approved $91.63 million for transport infrastructure development in Bauchi State and another $50 million for the construction of waste management facilities in Lagos State.
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