Abuja, Dec. 3, 2025 — In a significant boost to Nigeria’s infrastructure drive, Deutsche Bank has signaled readiness to fund critical works on two of Lagos’ most vital bridges — the Carter Bridge and the Third Mainland Bridge.
Officials of the German bank met with the Minister of Works, David Umahi, in Abuja, where they commended the Tinubu administration’s commitment to large-scale road and bridge projects. The delegation was led by Moritz Dornemann, Managing Director and Global Co-Head of Structured Trade and Export Finance, and Andreas Voss, Chief Country Representative for Nigeria.
According to Umahi’s office, Deutsche Bank expressed interest in:
Replacing the ageing Carter Bridge, which has long been identified as structurally weak.
Rehabilitating the underwater components of the Third Mainland Bridge, Nigeria’s longest bridge, to ensure long-term safety and mobility.
The bank’s officials described both bridges as “vital national assets” whose current conditions require urgent intervention to sustain economic activity and preserve structural integrity.
Deutsche Bank also praised the quality of work on the ongoing Lagos-Calabar Coastal Highway project, handled by Hitech Construction Nig. Ltd, noting that its success has encouraged the bank to expand its financing interest in Nigeria’s infrastructure sector.
Minister Umahi welcomed the proposal, stressing that partnerships with reputable international financiers are crucial to delivering durable infrastructure. He assured that the government will provide the necessary framework to facilitate investment while safeguarding national interests.
Analysts say Deutsche Bank’s involvement could accelerate long-delayed rehabilitation works, reduce fiscal pressure on the government, and enhance investor confidence in Nigeria’s infrastructure sector.
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