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AfDB Approves $200m For Nigeria’s Digital Value Chain Infrastructure Project

Mark Itsibor by Mark Itsibor
2 months ago
in News
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The board of directors of the African Development Bank Group has approved a $200 million loan to the government of Nigeria to advance a flagship initiative to deploy 90,000 kilometres of open-access fibre nationwide, expand digital skills, and drive job creation across the country.
Nigeria is Africa’s most populous country and West Africa’s largest market. With the digital economy increasingly a major contributor to GDP, the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE) project is expected to close connectivity gaps and support productivity and job creation.
It will achieve this by extending Nigeria’s national fibre backbone from around 30,000 km to about 120,000 km, connecting all 774 local government areas – including schools, health facilities, agro-industrial zones, rural communities and commercial hubs – to high-speed broadband and establishing cross-border links with neighbours – Benin, Cameroon, Niger, and Chad.
D-VIBE, also known as Project BRIDGE, is structured as a public-private partnership through a special purpose vehicle, with public ownership capped between 25% and 49% and private sector participation between 51% and 75%, helping address rollout constraints such as high construction and Right-of-Way costs.
The African Development Bank Group said it is providing a $200 million loan as part of an $800 million sovereign financing package for the project, alongside $500 million from the World Bank and $100 million from the European Bank for Reconstruction and Development (EBRD).
Total project financing is estimated at $2 billion, and includes an EU grant of €22 million, a $2.6 million Multilateral Cooperation Center for Development Finance (MCDF) project preparation grant, and at least $1.2 billion of investment from the private sector.
“Nigeria has the talent, the market, and the ambition; what it has lacked is the backbone infrastructure to connect that potential to opportunity. D-VIBE changes that. From the north to the south, from farms to factories to classrooms, this investment will make high-speed connectivity a reality for every Nigerian community and give young people the tools to build their futures digitally,” Director General, AfDB group African Nigeria Office, Abdul Kamara said in a statement on Saturday.
The project is supported through a working group of development finance institutions, co-led by the Nigerian government and the African Development Bank Group, that will align design choices, technical studies and financing.
Beyond infrastructure, the project aims to address demand-side barriers to digital use with affordable devices, large-scale skills development and support for digital platforms in priority sectors.
It is also expected to support enabling cybersecurity and market competition policies while applying criteria – including increased use of hybrid and renewable power – to build resilience.
D-VIBE is expected to support creation of up to 2.8 million jobs over its lifecycle and raise national broadband penetration from 45% to around 70% by 2030.
The project aligns with Nigeria’s vision 2050, its National Development Plan and Renewed Hope Development Plan (2026-2030), the African Union’s Agenda 2063, and the African Development Bank’s Ten-Year Strategy (2024-2033).

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Mark Itsibor

Mark Itsibor

Mark Itsibor is an economy and finance journalist with over 13 years of experience across Nigeria's media landscape, specialising in macroeconomic policy, financial markets, fiscal reforms, and public finance. He is known for well-researched reports and analytical features that inform policy conversations and support public understanding of complex economic developments.

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