Nigeria, July 4 -- The European Bank for Reconstruction and Development (EBRD) has set a target of investing at least $1.5 billion in Nigeria over the next three years as it expands its operations in Sub-Saharan Africa.

The projection was disclosed by the EBRD's Managing Director for Sub-Saharan Africa, Heike Harmgart, and the bank's Country Director and Head of Nigerian operations, Hamza Al-Assad, during the official opening of the bank's first office in Sub-Saharan Africa in Lagos on Friday.

The investment target follows the bank's entry into Nigeria in October 2025, which highlights the financial institution's confidence in the country's private sector and investment potential.

The bank said similar offices will also be opened in ot...