The Building Resilient Digital Infrastructure for Growth (Project BRIDGE) is a major national initiative led by Nigeria’s Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE). The project aims to deploy 90,000 km of fibre optic infrastructure across all 36 states and the FCT, connecting over 770 local government areas and significantly expanding broadband access nationwide.
Beyond connectivity, Project BRIDGE is designed to:
- Accelerate Nigeria’s digital transformation
- Enable economic growth across sectors
- Improve access to digital services for citizens and businesses
Investment Structure
Project BRIDGE will be implemented through a Special Purpose Vehicle (SPV) structured as a public-private partnership:
- Government ownership: 25% – 49%
- Private sector ownership: Minimum 51%
This structure ensures strong private sector participation while maintaining government support.
Funding Overview
- Total project cost: $2 billion
- Government funding secured: $800 million
- World Bank: $500M
- African Development Bank: $200M
- European Bank for Reconstruction and Development: $100
Private sector investors are expected to provide the remaining funding through:
- Equity investment
- Or a mix of equity and debt
How to Apply
Submit your response titled:
“Response to Invitation for Prequalification of Private Sector Investors for Project BRIDGE”
Email: projectbridgesubmissions@questmb.com
Or
Submit physically to:
Quest Merchant Bank Limited
2 Broad Street, Lagos Island, Lagos
For more information, download the pdf below: