The ECOWAS Bank for Investment and Development (EBID) has approved $266.7 million and XOF30 billion to support a portfolio of strategic projects in Nigeria, The Gambia, Ghana, Senegal, and Côte d’Ivoire.
The approvals, granted at the 95th Session of the Board of Directors held on March 30, 2026, underscore the Bank’s continued commitment to advancing sustainable, inclusive, and resilient development in the region.
Opening the meeting, the President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, underscored the transformative reach of these new commitments.
“These interventions reflect our ambition to support Member States in structuring value- creating projects that are fully aligned with the Sustainable Development Goals. By investing in infrastructure, agro-industry, environmental management, and industrial transformation, we are strengthening the foundations of a more resilient, inclusive, and integrated growth trajectory within West Africa,” Dr. Donkor stated.
The diversity of these projects underscores EBID’s capacity to catalyse high-impact regional initiatives and support the sustainable transformation of its Member States:
- Construction of waste management facilities in Lagos, Nigeria ($50 million): Implemented under a public-private partnership (PPP), this project will expand Lagos’s waste management infrastructure, increase the recycling rate to 45%, create over 5,000 jobs, produce 60,000 tons of organic compost annually, and reduce public health risks.
- Credit line to BNDE, Senegal (XOF20 billion): This facility will enhance BNDE’s capacity to finance small and medium-sized enterprises (SMEs) and industries, support agricultural value chains, improve access to housing, and promote sustainable employment, particularly for women and youth.
- Construction of a tissue paper manufacturing plant in Ghana ($15 million): This project involves establishing a 65-ton-per-day production facility to manufacture jumbo tissue rolls locally, reduce dependence on imports, and support industrialisation.
- Expansion of G Farms Ltd.’s operations in The Gambia ($10.04 million): This investment will increase poultry and dairy production capacity, strengthen food security, and reduce reliance on imported animal products.
- Transport infrastructure development in Bauchi State, Nigeria ($91.63 million): Aligned with the National Development Plan, this programme will modernise road infrastructure, reduce logistics costs, improve access to essential services, open up agricultural zones, and incorporate climate-resilient construction techniques.
- Construction of the Lagos-Calabar Coastal Highway, Nigeria ($100 million): This strategic corridor, spanning nine coastal states, will enhance national and regional connectivity, ease congestion, improve logistics efficiency, and stimulate regional trade.
- Credit line to Afriland First Bank Côte d’Ivoire (XOF10 billion): This facility is designed to support the financing of MSMEs and SMEs, strengthen the bank’s capacity to fund the real sector, promote productive investments, and foster job creation and inclusive growth.
According to the EBID, these projects reflect its commitment to strengthening the foundations of long- term economic development across the ECOWAS region, enhancing competitiveness and resilience while advancing sustainable and inclusive growth.