ECOWAS Bank Approves $91.63m For 24 Road, Bridge Projects In Bauchi

The ECOWAS Bank for Investment and Development (EBID) has signed a $91.63 million financing agreement with the government of Bauchi State to support the implementation of the Bauchi State Transport Infrastructure Financing Programme.

The agreement was signed in Lomé, Republic of Togo, by president and chairman of EBID, Dr. George Donkor and the Governor of Bauchi State, Senator Bala Abdulkadir Mohammed, the bank said on Friday.

Under the agreement, EBID will provide financing for the construction and completion of 24 strategic road and bridge projects across Bauchi State. The programme is designed to improve connectivity between urban and rural communities, facilitate access to markets and essential services, reduce transport costs, and strengthen agricultural and commercial value chains.

The project is aligned with the Bauchi State Development Plan and Nigeria’s broader development priorities. The intervention is expected to create approximately 5,000 jobs during construction and 2,000 permanent jobs upon completion, contributing to inclusive economic growth in the state.

Speaking at the signing ceremony, Donkor said the investment reflected EBID’s commitment to financing transformative infrastructure projects that create jobs, stimulate investment, and improve living conditions.

“By strengthening transport connectivity across Bauchi State, the Programme will reduce logistics costs, improve access to markets, and unlock new opportunities for sustainable economic growth and regional integration,” Donkor stated.

Mohammed described the partnership as a significant milestone in the State’s vision to build a more competitive and resilient economy.

He emphasised that transport infrastructure remains a critical driver of investment, private sector growth, and improved living standards.

The governor expressed appreciation for EBID’s support, noting that it would enable the State to accelerate the implementation of strategic infrastructure projects with substantial economic and social impact.

Through the collaboration, EBID reaffirms its role as a regional development finance institution and strategic partner to its Member States in delivering high-impact and sustainable infrastructure investments.

The intervention is fully aligned with the Bank’s GRO Strategy; Growth, Resilience and Optimisation, which seeks to promote sustainable growth, strengthen the resilience of West African economies, and maximise the development impact of its financing in support of regional integration and economic transformation.