Country
Nigeria
Sector
Information & Communication Technology
Intelligence Type
Project
Status / Stage
Active
Estimated Value
USD USD 2,000,000,000
Confidence
High
Latest Development
Project Details
Project TypeNational Digital Infrastructure / Fibre Optic Network
Project OwnerFederal Government of Nigeria
Project SponsorFederal Ministry of Communications, Innovation & Digital Economy
Main ContractorNot yet appointed
Other ContractorsNot yet appointed
Project DeveloperProject BRIDGE Special Purpose Vehicle (SPV) — to be structured as a government-private sector joint venture
Financing InstitutionWorld Bank; African Development Bank (AfDB); European Bank for Reconstruction and Development (EBRD)
Start Date2025 — project development and financing phase
Expected CompletionIndicatively five years from rollout commencement; definitive completion date not yet published
Actual CompletionNot completed
Current PhaseFinancing
Funding StatusPartial
Key Issues / Risks
The project still requires private-sector financing for the balance of the estimated USD 2 billion project cost. The government has secured USD 800 million and expects private investors to provide the remaining financing. Investor selection is underway, with financial close targeted for Q3 2026. The project also requires successful SPV formation, procurement, right-of-way access, technical deployment and coordination across all 36 states and the FCT.
What Happens Next
Evaluation and shortlisting of private-sector investors, followed by further transaction structuring and negotiations toward financial close targeted for Q3 2026.
Capital & Financing Intelligence
Funding / Amount CommittedUSD USD 800,000,000
Funding SourceWorld Bank — USD 500 million; African Development Bank — USD 200 million; European Bank for Reconstruction and Development — USD 100 million
Funding Date2025 - 2026
Procurement & Contract Outlook
Procurement / Contract OpportunityHigh — private-sector investor participation, technical services, consultancy, engineering, fibre deployment, network infrastructure and associated project services.
The Federal Ministry has already issued procurement notices for technical, legal and transaction advisory services, while the May 2026 General Procurement Notice identifies consultancy procurement under the Nigeria Sovereign Fibre project.
The Federal Ministry has already issued procurement notices for technical, legal and transaction advisory services, while the May 2026 General Procurement Notice identifies consultancy procurement under the Nigeria Sovereign Fibre project.
Expected Next MilestonePrivate-sector investor selection / progression to the next stage of the PPP process (Q3 2026)
Commercial Opportunity Intelligence
Financing / Capital OpportunityHigh — approximately USD 1.2 billion in additional private-sector financing is expected to be mobilised, subject to final transaction structuring. The April 2026 investor prequalification notice specifically invites domestic and foreign financial and strategic investors
Opportunity SignalStrong — approaching commercial stage
Commercial Readiness
Approaching commercial stage
Commercial Readiness
Approaching commercial stage
Commercial ReadinessDeveloping
Connected Intelligence
Further Reading & External Sources
Source & Verification Trail
Last Verified9 August 2026