By Godwin Agia, Taraba
The ECOWAS Bank for Investment and Development, EBID, and the Taraba State Government have signed three loan agreements worth $268 million to drive industrial, agricultural, and energy transformation in the state.
The agreements were signed on Friday, June 26, 2026, at EBID Headquarters in Lomé, Togo, by EBID President Dr. George Agyekum Donkor and Governor Dr. Agbu Kefas, who led a high-level delegation.
Dr George explained that the breakdown of the $268M financing were $91.23M Phase I of an integrated industrial park a multi-cluster logistics and manufacturing hub to attract private investment, boost value addition, and create jobs. $79.21M Development of 10,000 hectares of irrigated rice paddies and a modern milling/processing plant to strengthen food security and cut rice imports. While the $98.19M, a 50MW solar photovoltaic plant in Jalingo to improve grid reliability, expand clean energy access, and power industrial growth.
George noted that the projects align with EBID’s Growth, Resilience and Optimisation, GRO Strategy, which funds investments with measurable economic, social, and environmental impact.
“By investing simultaneously in industrial infrastructure, agricultural value chains and renewable energy, EBID is delivering an integrated development package with lasting regional impact,” he said.
Governor Kefas described the deal as a transformational milestone for Taraba.
“This financing lays the foundation for economic transformation by strengthening industry, enhancing food security and expanding access to reliable, sustainable energy for the people of Taraba State,” he noted.
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