Nigeria has secured fresh World Bank loans amounting to $1.75 billion to support development programmes in the country.
The bank has also approved a new Country Partnership Framework (CPF) for Nigeria covering a period of six years, 2026 to 2032.
The first $1.25 billion is to expand energy access to 32 million Nigerians, deliver broadband connectivity to 58 million people, improve health and nutrition services for 40 million people and support 9.5 million farmers through a new Country Partnership Framework (CPF) that spans 2026 to 2032.
The second $500 million loan would support Nigeria’s agricultural value chain development under the Sustainable Agricultural Value-Chains for Growth (AGROW) Project.
These facilities are coming amid general concerns over Nigeria’s rising public debt, which, according to the Debt Management Office (DMO), stood at N159.28 trillion as of December 31, 2025.
Although the government has consistently said that its debt was still sustainable and within the debt-to-Gross Domestic Product (GDP) threshold, both the International Monetary Fund (IMF) and the World Bank had at some points cautioned the government to be cautious of the rising debt.
On the latest development, the World Bank in a statement stated that it has also approved the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing (DPF) operation, which supports Nigeria’s transition toward a more inclusive growth model that spurs growth and creates jobs.
It said that building on the macroeconomic gains achieved through recent reforms, including stronger growth, higher revenues, increased reserves, and improved investor confidence, the CPF supports Nigeria’s efforts to create more and better jobs by accelerating private sector growth, with a focus on mobilising private investment to complement public resources.
According to the World Bank, the facility aims to expand energy access to 32 million Nigerians, deliver broadband connectivity to 58 million people, improve health and nutrition services for 40 million people, and support 9.5 million farmers, while strengthening human capital, boosting agricultural productivity, and expanding access to energy and digital infrastructure.
GIK/APA