Economie & Commerce
EU Backs Nigerian SMEs with €200M for Green Growth
The European Investment Bank (EIB) has announced a €200 million financial partnership with the Development Bank of Nigeria. The loan aims to support small and medium-sized enterprises (SMEs) in Nigeria, focusing on investments in green growth and digital transformation projects. This initiative is part of the EU's Global Gateway strategy, which seeks to boost smart, clean, and secure links in digital, energy, and transport sectors worldwide. The financing is expected to create jobs and promote sustainable economic development, strengthening EU-Africa partnerships.
EU uses its development bank to fund green projects and digitalisation for small businesses in Nigeria.