EBID Allocates $100M for Kano-Maradi Railway Development

The ECOWAS Bank for Investment and Development (EBID) has approved a $100 million facility for Nigeria’s Kano-Maradi Standard Gauge Railway Project. This funding will be utilized for the acquisition of rolling stock and operational equipment for the project's second phase.

The approval was made during EBID's 101st Ordinary Meeting held in Lomé, Togo, on September 28, 2026, where a total of $390 million was approved for four operations. The Kano-Maradi project aims to enhance rail connectivity between northern Nigeria and the broader West African region, facilitating the movement of people and goods, and promoting cross-border trade.

This investment aligns with EBID's Growth, Resilience and Optimisation (GRO) Strategy for 2026-2030, focusing on infrastructure and productive sectors. Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, emphasized the importance of these investments in supporting economic development and regional integration.