ECOWAS Bank Funds $91.6m Transport Infrastructure in Nigeria's Bauchi State

The ECOWAS Bank for Investment and Development (EBID) has committed $91.63 million to Bauchi State, Nigeria, to fund a significant transport infrastructure initiative. The Bauchi State Transport Infrastructure Financing Programme (BSTIFP) aims to construct and complete 24 strategic road and bridge projects across the state.

This investment is designed to enhance connectivity between urban and rural areas, making it easier for people to access markets and essential services. Officials anticipate that the program will lower transportation costs and strengthen agricultural and commercial value chains, thereby fostering inclusive economic growth. The initiative is also projected to create approximately 5,000 jobs during the construction phase and an additional 2,000 permanent positions upon completion.

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this investment reflected EBID’s commitment to financing transformative infrastructure projects that create jobs, stimulate investment, and improve living conditions.

Dr. George Agyekum Donkor, President and Chairman of EBID's Board of Directors, highlighted the bank's dedication to financing transformative projects that generate employment and improve living conditions. He emphasized that improved transport links in Bauchi State will reduce logistics expenses and unlock opportunities for sustainable economic development and regional integration.

Bauchi State Governor, Senator Bala Abdulkadir Mohammed, described the partnership as a crucial step towards building a more competitive and resilient economy. He stressed the vital role of transport infrastructure in driving investment, private sector expansion, and enhancing living standards. Governor Mohammed expressed gratitude for EBID's support, which will accelerate the implementation of projects with substantial economic and social benefits.

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transport infrastructure remains a critical driver of investment, private sector growth, and improved living standards, and expressed appreciation for EBID’s support, which would enable the state to accelerate the implementation of strategic infrastructure projects with substantial economic and social impact.