The European Bank for Reconstruction and Development (EBRD) has opened its first office in Nigeria, strengthening its presence in sub-Saharan Africa and deepening support for private sector growth and sustainable economic development.

Located in Lagos, the new office will enable the bank to work more closely with government institutions, businesses and development partners while expanding investment activities in one of Africa's largest economies.

Strengthening Local Presence

According to the EBRD, establishing a permanent office in Nigeria will improve its ability to support private sector development, enhance business competitiveness and finance sustainable infrastructure projects across the country.

The bank said its local presence will also strengthen collaboration with public and private sector stakeholders as it seeks to promote long-term economic resilience and inclusive growth.

Expanding Investment in Nigeria

Nigeria became both an EBRD shareholder and a country of operation in 2025, opening the door for increased investment and development financing.

Since then, the bank has committed more than €150 million to projects in the country, including a US$100 million trade finance facility aimed at expanding access to finance and supporting cross-border trade.

Supporting Regional Growth

The opening of the Lagos office forms part of the EBRD's broader strategy to expand its operations across sub-Saharan Africa.

By strengthening its on-the-ground presence, the bank aims to mobilise more investment, deepen partnerships and accelerate financing for projects that support private enterprise, sustainable infrastructure and long-term economic growth across the region.