Deutsche Partners Holding (DPH) is proud to announce its pivotal role as Financial and Transaction Adviser in securing a landmark $268.63 million funding package from the ECOWAS Bank for Investment and Development (EBID) for Taraba State, Nigeria.
This milestone transaction represents a major step forward in unlocking Taraba State’s economic potential and advancing sustainable development across the ECOWAS sub-region.
The approval, which formed part of the Bank’s $308.63 million regional investment package, was granted at the 93rd Ordinary Session of its Board of Directors held at the Bank’s headquarters in Lomé, Togo, under the chairmanship of EBID President, Dr George Agyekum Donkor.
The EBID president further stressed that the approvals are part of the Bank’s broader commitment to deepening its development footprint across the ECOWAS sub-region, ensuring inclusive growth and economic diversification.
Transformational Projects Supported
The financing secured will drive three high-impact projects in Taraba State:
- 50MW Solar Photovoltaic Power Plant: delivering clean energy access to over 390,000 residents, enhancing electricity supply for 200+ public institutions, and creating 1,600+ direct and indirect jobs.
- Modern Rice Processing Complex & 10,000-Hectare Irrigation Scheme: strengthening Nigeria’s food security, boosting agricultural productivity, and building climate resilience.
- Taraba State Industrial Park: promoting industrialization, job creation, and economic diversification through modern manufacturing infrastructure.
DPH’s Role
As Financial and Transaction Adviser, DPH structured and guided the funding process, ensuring alignment between Taraba State’s strategic objectives and EBID’s sustainable development mandate. Our advisory team provided expertise in:
- Project financing and structuring
- Transaction negotiation and coordination
- Risk assessment and mitigation
- Ensuring compliance with international development finance standards
The firm’s involvement was critical in bridging Taraba State’s project ambitions with EBID’s investment criteria, ultimately paving the way for the successful approval and disbursement of funds.
Driving Sustainable Development
EBID President Dr. George Agyekum Donkor also emphasized that the financing package aligns with the Bank’s mandate of promoting sustainable development and regional integration while contributing to inclusive economic growth. He noted that the projects also support the United Nations Sustainable Development Goals (SDGs), particularly those on clean energy, food security, climate action, and decent work.
Commenting on the successful close, the managing partner of DPH Dr. Onuoha Nnachi stated:
“We are honoured to have supported Taraba State in unlocking this historic financing from EBID. These projects spanning clean energy, agriculture, and industrialization will not only uplift local communities but also position the state as a model for sustainable development. This transaction reflects our commitment to mobilizing innovative capital solutions that drive sustainable growth, industrialization, and energy access across Nigeria and the wider ECOWAS region.”
