# Bauchi State ECOWAS loan and Saudi deals

> Live situation record from CLSTR: https://clstr.news/situations/bauchi-state-ecowas-loan-and-saudi-deals
> Updated: 2026-08-03T09:50:45.000Z. Sources: 6. Developments: 3.

Governor Bala Abdulkadir Mohammed announced that Bauchi State had secured a US$91.6 million infrastructure financing agreement with the ECOWAS Bank for Investment and Development, backed by a federal guarantee and slated for disbursement in August. The loan is intended to fund multiple road projects and urban renewal works, while the state also signed two MoUs with Saudi Arabia’s Golden Contractors Group covering agriculture, minerals, oil and gas, tourism, aviation, housing and Hajj‑Umrah services, with plans for direct air links and an export processing zone.

A few days later, the ECOWAS Bank and Bauchi State formalised the financing at the bank’s Lomé headquarters. The agreement earmarks the US$91.63 million for the Bauchi State Transport Infrastructure Financing Programme, covering the construction and rehabilitation of 24 strategic roads and bridges. The programme is projected to create about 5,000 construction jobs and 2,000 permanent positions, and represents roughly 14 % of Bauchi’s 2026 budget. The federal sovereign guarantee underscores a shift toward regional lenders for sub‑national infrastructure projects.

In July 2026, the ECOWAS Investment Bank (BIDC) announced a broader regional financing push, committing €80 million to Coris Holding to expand long‑term financing for food, energy and agricultural value‑chain projects across West Africa. The same month, BIDC reaffirmed the US$91.6 million Bauchi State loan, linking it to the earlier Lomé agreement and highlighting the expected job creation and transport‑cost reductions for rural communities.

## Timeline

### 2026-08-03: ECOWAS Investment Bank pledges €80 million and $92 million for West African value‑chain and transport projects

ECOWAS Investment Bank approved €80 million for Coris Holding’s West African value‑chain financing and $92 million for Bauchi State’s road and bridge projects, creating thousands of jobs.

2 sources. https://clstr.news/cluster/ecowas-investment-bank-pledges-80-million-and-92-million-for-west-african-valuechain-and-transport-p

### 2026-07-31: ECOWAS Bank Provides $91.6 million to Bauchi State for 24 Road and Bridge Projects

The ECOWAS Bank approved a US$91.6 million loan, guaranteed by Nigeria’s federal government, to finance 24 road and bridge projects in Bauchi State, creating thousands of jobs.

2 sources. https://clstr.news/cluster/ecowas-bank-provides-916-million-to-bauchi-state-for-24-road-and-bridge-projects

### 2026-07-28: Bauchi State Secures $91.6 Million ECOWAS Loan and Saudi Investment MoUs

Bauchi Governor Bala Mohammed announced a $91.6 million ECOWAS infrastructure loan and signed MoUs with Saudi Golden Group for multi‑sector investment, boosting state development.

2 sources. https://clstr.news/cluster/bauchi-state-secures-916-million-ecowas-loan-and-saudi-investment-mous

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Cite as: Bauchi State ECOWAS loan and Saudi deals. CLSTR, https://clstr.news/situations/bauchi-state-ecowas-loan-and-saudi-deals