EBRD to open its first office in Nigeria during Vice President’s visit

• Vice President Matteo Patrone visiting Nigeria to open office in Lagos
• Visit will promote private-sector investment and business growth
• Milestone demonstrates EBRD’s growing footprint in Nigeria and sub‑Saharan Africa

Matteo Patrone, Vice President for Banking at the European Bank for Reconstruction and Development (EBRD), is visiting Nigeria from 1 to 3 July to open the Bank’s first office in Lagos.

The opening of the office – which will also be attended by Nigeria’s Finance Minister, Taiwo Oyedele – represents an important milestone in the Bank’s operations in sub Saharan Africa, reinforcing its commitment to supporting sustainable infrastructure, enhancing competitiveness and fostering economic resilience.

In the course of his visit, Mr Patrone will also meet private-sector representatives, development partners and Gautier Mignot, the European Union Ambassador to Nigeria, to discuss investment opportunities and support for private sector-led growth in Nigeria. This visit reflects the Bank’s commitment to strengthening its presence in the country and supporting private-sector development and investment.

Matteo Patrone said: “The opening of our office in Lagos marks an important step in the EBRD’s work in Nigeria. As one of Africa’s largest and most dynamic economies, Nigeria offers significant opportunities for private‑sector investment and growth. Our presence on the ground will allow us to work more closely with partners to support sustainable infrastructure, strengthen businesses and help build a more resilient and competitive economy.”

Mr Patrone will be joined by Heike Harmgart, the EBRD’s Managing Director for Sub Saharan Africa, and Hamza Al Assad, its Head of Nigeria.

Nigeria became an EBRD shareholder and a country of operation in 2025, with over €150 million invested to date and US$ 100 million (€85 million) trade finance facility. This is part of the Bank’s strategic engagement in sub Saharan Africa, with a focus on supporting private sector-led growth and investment