EBRD Launches Nigeria Office to Expand Operations in Sub-Saharan Africa
The new office is expected to strengthen the bank's on-the-ground presence and enhance its ability to support private sector development, sustainable infrastructure and long-term economic growth in one of Africa's largest economies.
The European Bank for Reconstruction and Development has officially opened a new office in Lagos, marking a significant milestone in its expanding operations in Nigeria and its broader engagement across sub-Saharan Africa. The new office is expected to strengthen the bank’s on-the-ground presence and enhance its ability to support private sector development, sustainable infrastructure and long-term economic growth in one of Africa’s largest economies.
The EBRD said establishing a permanent presence in Nigeria will enable it to work more closely with government, businesses and development partners to improve competitiveness, strengthen private enterprises and promote a more resilient economy. The move reflects the institution’s commitment to supporting private sector-led development across the region.
Nigeria became both an EBRD shareholder and a country of operation in 2025, paving the way for increased investment and collaboration. Since then, the bank has invested more than €150 million in the country, including a US$100 million trade finance facility aimed at boosting cross-border trade and expanding access to finance for private sector businesses.
The opening ceremony was attended by Taiwo Oyedele, alongside Matteo Patrone, Heike Harmgart, Hamza Al-Assad and Gautier Mignot.
The new Lagos office represents another step in the EBRD’s strategy to expand its footprint in sub-Saharan Africa, with a focus on mobilising investment, strengthening the private sector and supporting sustainable economic development across the region. Through its local presence, the bank aims to deepen partnerships and accelerate financing initiatives that contribute to inclusive growth and economic resilience in Nigeria.
