Nigeria and the African Development Bank: Country Strategy Paper 2025–2030
The African Development Bank (AfDB) has released its new Country Strategy Paper (CSP) for Nigeria for the 2025–2030 period, outlining a bold roadmap to support inclusive economic transformation, industrial competitiveness and resilience. As Africa’s most populous nation and largest economy in West Africa, Nigeria holds significant market potential. However, it continues to face structural challenges including high poverty and unemployment, limited industrial capacity, and a significant dependence on oil revenues. To stabilize the economy and attract investment the Nigerian government has enacted recent bold reforms —such as fuel subsidy removal, exchange rate unification, and tax policy overhauls—laying the foundation for long-term, diversified growth.
With a strong focus on infrastructure, agro-industry, and economic resilience, the AfDB’s $2.4 billion financing pipeline in Nigeria creates opportunities for U.S. firms to participate in transformative projects across key sectors.
The CSP is built around two strategic pillars:
1. Developing sustainable, climate-smart infrastructure to improve industrial competitiveness and connectivity—targeting investments in energy, transport, and water/sanitation.
2. Fostering inclusive green growth and industrialization, with a particular focus on gender and youth-led enterprises in the agro-industrial sector.
These pillars align with Nigeria’s market-oriented reform agenda and create timely opportunities for U.S. companies. Key sectors for U.S. companies to target include infrastructure development, clean energy, agribusiness, supply chain logistics, and digital solutions.
The AfDB’s Nigeria portfolio includes 52 active operations valued at USD 5 billion, including 26 private sector operations valued at USD 1.8 billion. Over the 2025–2028 period, the Bank anticipates USD 2.4 billion in sovereign operations and another USD 500 million in private sector investments, with additional co-financing opportunities of up to USD 800 million.
U.S. companies with expertise in engineering, consulting, technology, energy solutions, and agribusiness services are well-positioned to compete in AfDB-financed projects. For further information please contact Senior Commercial Officer Ashley Ndir at Ashley.Ndir@trade.gov and Commercial Specialist Elvire Kodio at Elvire.Kodio@trade.gov.