{"id":16739,"date":"2026-11-13T09:45:59","date_gmt":"2026-11-13T09:45:59","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/13\/deutsche-bank-arranges-516m-financing-for-nigerias-sokoto-badagry-superhighway-businessday-ng\/"},"modified":"2026-11-13T09:45:59","modified_gmt":"2026-11-13T09:45:59","slug":"deutsche-bank-arranges-516m-financing-for-nigerias-sokoto-badagry-superhighway-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/13\/deutsche-bank-arranges-516m-financing-for-nigerias-sokoto-badagry-superhighway-businessday-ng\/","title":{"rendered":"Deutsche Bank arranges $516m financing for Nigeria\u2019s Sokoto-Badagry Superhighway – Businessday NG"},"content":{"rendered":"

Deutsche Bank has arranged $516.3 million in financing for the Federal Ministry of Finance to support the design and construction of the first section of Nigeria\u2019s 1,290-kilometre Sokoto-Badagry Superhighway, as the Federal Government seeks to strengthen domestic connectivity and regional trade infrastructure.\n<\/p>\n

The financing, announced on October 28, combines Islamic finance with multilateral credit insurance, providing a nine-year funding structure for the strategic infrastructure project linking northern Nigeria to the Atlantic coast.\n<\/p>\n

According to Deutsche Bank, it acted as the sole mandated lead arranger for the facility, which was structured as a Commodity Murabaha transaction in accordance with Shariah principles.<\/p>\n

The arrangement also benefits from a Non-Honouring of Sovereign Financial Obligation insurance policy issued by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group.\n<\/p>\n

The combination of Shariah-compliant financing and credit insurance provides a framework for supporting long-term sovereign infrastructure investment while incorporating risk-management protection from a multilateral institution.\n<\/p>\n

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The Sokoto-Badagry Superhighway is planned as a 1,290-kilometre dual carriageway spanning seven states, connecting Sokoto in north-western Nigeria with Badagry on the Atlantic coast.<\/p>\n

The road is expected to improve the movement of goods and people across the country, strengthen connections between major economic centres and link two Trans-African Highway networks.\n<\/p>\n

Its proposed route gives the project significance beyond domestic transportation, with the potential to improve Nigeria\u2019s integration into regional trade networks across West Africa.\n<\/p>\n

Maryam Khosrowshahi, Chair of Global SSA, Head of Sub-Saharan Africa Coverage and CEEMEA Sovereign DCM at Deutsche Bank, said the transaction demonstrated how innovative financing structures could help enable large infrastructure projects across Africa.\n<\/p>\n

\u201cLarge-scale infrastructure requires long-term financing solutions tailored to the needs of sovereign clients,\u201d she said.<\/p>\n

She added that combining Islamic financing with ICIEC\u2019s credit insurance demonstrated how financial institutions could develop funding solutions for complex infrastructure projects.\n<\/p>\n

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The transaction highlights the role of international banks and multilateral institutions in structuring financing for large-scale public infrastructure, particularly where long-term funding and sovereign risk-management arrangements are required.\n<\/p>\n

However, the $516.3 million facility covers the first section of the proposed highway, rather than establishing the financing position for the entire 1,290-kilometre project.\n<\/p>\n

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Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank has arranged $516.3 million in financing for the Federal Ministry of Finance to support the design and construction of the first section of Nigeria\u2019s 1,290-kilometre Sokoto-Badagry Superhighway, as… <\/p>\n","protected":false},"author":1,"featured_media":16740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=16739"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/16740"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=16739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=16739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=16739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}