The World Bank has approved a fresh $1.25 billion loan for Nigeria to support economic reforms, job creation and private sector-led growth.
WORLD BANK LOAN
The World Bank has approved a new $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite growing concerns over the country’s rising debt profile, The PUNCH reports.
The funding was announced alongside a new Country Partnership Framework covering 2026 to 2032, aimed at boosting private sector-led growth and creating jobs.
According to the World Bank, the framework targets expanded electricity access for 32 million Nigerians, broadband connectivity for 58 million people, improved health and nutrition services for 40 million citizens, and support for 9.5 million farmers.
The PUNCH reports that the loan will support reforms in capital markets, digital governance, power, trade, agriculture and revenue mobilisation. Data from the Debt Management Office shows Nigeria’s debt to the World Bank rose to $19.89 billion by the end of 2025.
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