EBID Approves $91.6m Financing For 24 Bauchi Road, Bridge Projects

The Bauchi State government has secured a US$91.6 million financing package from the ECOWAS Bank for Investment and Development (EBID) to execute 24 strategic road and bridge projects aimed at improving transportation infrastructure and accelerating economic growth across the state.

Governor Bala Abdulkadir Mohammed announced the development on Wednesday while speaking to journalists after returning from the formal signing of the Bauchi State Transport Infrastructure Financing Programme at the headquarters of the ECOWAS Bank for Investment and Development in Lomé, Togo.

The governor said the investment would improve connectivity, strengthen the state’s transport network, facilitate the movement of people and agricultural produce, expand access to markets and drive sustainable economic development.

He commended EBID for its confidence in Bauchi State’s development agenda and assured residents that the funds would be managed with transparency, accountability and fiscal discipline to ensure the successful execution of all the projects.

Governor Mohammed led a high-powered delegation to the signing ceremony, accompanied by the Secretary to the State Government, Alhaji Aminu Hammayo; the Attorney General and Commissioner for Justice, Barrister Hassan El-Yakub; the Commissioner for Finance, Alhaji Sadiq Hamisu Shira, and other senior government officials.

The governor reiterated his administration’s commitment to the prudent management of the facility, assuring the bank that every dollar would be judiciously utilised to deliver the projects and achieve their intended socio-economic benefits.

According to him, the road and bridge projects are expected to create employment opportunities, reduce transportation costs, improve access to markets and strengthen agricultural and commercial supply chains across the state.

He added that the programme aligns with his administration’s broader vision of using infrastructure development as a catalyst for sustainable economic transformation.

Also speaking, President of EBID, Dr. George Agyekum Donkor, said countries that have achieved sustainable industrialisation have done so through consistent investment in infrastructure.

He noted that efficient road networks are critical to business growth and economic expansion, adding that while Nigeria has made significant progress in diversifying its economy beyond oil, sustained investment in infrastructure remains essential to maintaining that momentum.

Donkor described the Bauchi State Transport Infrastructure Programme as a strategic investment, noting that Bauchi is one of Nigeria’s largest states with vast agricultural potential that can only be fully harnessed through an efficient transportation network.

He also commended Governor Mohammed for his visionary leadership and commitment to infrastructure-driven development.