Country
Nigeria
Sector
Information & Communication Technology
Intelligence Type
Capital
Status / Stage
Announced
Estimated Value
USD 200000000
Confidence
Confirmed
Latest Development
African Development Bank Group Board-approved loan completing the $800M sovereign portion of the $2bn D-VIBE fibre infrastructure financing package.
Capital Details
Capital TypeInvestment
Date10 Apr 2026
Investor / FinancierAfrican Development Bank Group
Recipient / BorrowerGovernment of Nigeria
Purpose of CapitalSovereign co-financing for national fibre backbone expansion (D-VIBE / Project BRIDGE)
Financing StructureSovereign loan, part of syndicated multilateral package
Tenor15 years
Interest Rate4.5%
Market Significance
Completes the $800M sovereign tranche alongside World Bank and EBRD; unlocks the search for the remaining $1.2bn private-sector SPV equity.
Risk / Considerations
Disbursement pace and SPV private-partner timeline not yet public.
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Source & Verification Trail
Last VerifiedAug 3, 2026