Côte d’Ivoire seeks $18.2 billion from donors for 2026-2030 development plan
Côte d’Ivoire is seeking $18.2 billion from international partners to fund its 2026-2030 National Development Plan, aiming for 7.2% annual growth.
Côte d’Ivoire is seeking to raise 11.14 trillion CFA francs ($18.2 billion) from international technical and financial partners to fund its 2026–2030 National Development Plan (NDP). The government will host an Advisory Group meeting in Abidjan on July 8 and 9 to attract support.
The government said the fundraising drive builds on strong economic performance over the past decade, with average annual growth of 8.2 percent between 2012 and 2019 and more than 6 percent during the implementation of the 2021–2025 development plan. Authorities highlighted recent gains in investor confidence, including the IMF’s and the World Bank’s decisions to classify Côte d’Ivoire as facing a low risk of debt distress, as well as credit rating upgrades from Fitch Ratings, Moody’s and S&P Global Ratings.
The new development plan has a budget of 114.8 trillion CFA francs, with the private sector expected to provide over 70 percent of funding. The government aims to raise annual growth to 7.2 percent, increase GDP per capita to $4,500 by 2030 and reduce poverty below 20 percent.
The Nigerian stake is clear. Côte d’Ivoire is Nigeria’s competitor for investment in West Africa. The country is positioning itself as a regional economic hub, and its growth ambitions could draw investment away from Nigeria. Nigerian businesses operating in Côte d’Ivoire may benefit from the development plan, but Nigerian businesses at home may face increased competition.
From a Nigerian vantage point, the Ivorian plan is a model and a warning. The model: a clear development strategy with ambitious targets and strong international support. The warning: Nigeria’s own development planning is less coherent. If Côte d’Ivoire succeeds, it could become the preferred investment destination in the region. If Nigeria does not match its ambition, it risks being left behind.
The winners: Côte d’Ivoire, which is building a clear development plan. The losers: Nigeria, which risks losing the investment competition to its West African neighbour.
Bottom Line: Côte d’Ivoire is asking for $18.2 billion to fund its development plan. Nigeria is still figuring out where 2 percent of its GDP went.