Diversifying the economy
Supporting the energy industry
Investing in rural infrastructure
Developing urban services
Facilitating regional integration
Nigeria is the most populous country in Africa. It will soon have 200 million inhabitants in its 36 States. Its GDP closely follows South Africa. Nigeria’s remarkable growth potential is based on a stable democratic system and strong entrepreneurial dynamism. It does, however, face huge challenges. It suffers from a lack of infrastructure and needs to organize its transition towards renewable energies. Demographic pressure leads to high unemployment, which undermines social cohesion. The lack of governance exacerbates inequalities and insecurity.
In less than 10 years, AFD has become a recognized partner in the country, with activities in key sectors, such as energy, water, roads and transport.
With over EUR 1.1bn of commitments, we are supporting some twenty projects.