The Federal Government of Nigeria, the European Union (EU), and the European Bank for Reconstruction and Development (EBRD) have signed a grant agreement worth €14 million to improve fibre-optic infrastructure in the country. The deal was announced on Thursday, October 14, 2026, according to [Tribune Online](https://tribuneonlineng.com/nigeria-eu-euro-bank-sign-e14m-grant-agreement-on-fibre-optic-infrastructure/). The agreement aims to strengthen the country’s internet connectivity and digital economy. The EU has been a key partner in Nigeria’s digital transformation, providing funding for several digital projects in the past. This latest agreement underscores the EU’s commitment to Nigeria’s digital development. According to the [Nigerian Communications Commission](https://www.ncc.gov.ng/), the country’s internet penetration rate was 42.03% as of 2021. Improving fibre-optic infrastructure is expected to boost this rate and provide better internet services to Nigerians. The Federal Government has been pushing for improved internet connectivity, recognising its importance for economic growth, education, and healthcare. This latest grant from the EU and EBRD is a significant step towards achieving this goal. The agreement comes as the world becomes increasingly digital, with many businesses and services moving online. Better internet connectivity is essential for Nigeria to compete in the global digital economy.
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