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Home | How Nigeria Secured $1.95bn World Bank Loans in 3 Months Under Tinubu

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How Nigeria Secured $1.95bn World Bank Loans in 3 Months Under Tinubu

Tapre Timine
Tapre Timine
June 13, 2025
June 13, 2025
2 Min Read
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Nigeria has secured a total of $1.95 billion in loans from the World Bank between June and September 2023, since President Bola Tinubu assumed office on May 29, 2023.

The loans were granted for various projects, including education, power, and women’s empowerment.

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Nigeria has secured a total of $1.95 billion in loans from the World Bank between June and September 2023, since President Bola Tinubu assumed office on May 29, 2023.MORE NIGERIA NEWSEx-NDU VC, Prof. Samuel Edoumiekumo is DeadIPOB Declares Readiness For Peace Talks With FGFuel Tanker Explodes on Lagos-Ibadan ExpresswayPolice Announce ‘Killer’ of MohbadSir Alex Ferguson’s Wife, Lady Cathy DiesTribunal Upholds Alex Otti’s Election as Abia GovernorHow Nephew, Driver, 2 Others Connived to Kill Benue Chief JudgeFuel Subsidy Organised Crime – Peter ObiCooking Gas Price Hits N1000Bandits Kill Nasarawa Lawmaker, Samaila Mairago

The most recent loan of $700 million was granted to boost adolescent girls’ learning and empowerment under the Adolescent Girls Initiative for Learning and Empowerment program in some targeted states.

The program aimed to increase the number of secondary school girls from 900,000 to 1.6 million by scaling up project activities from the current seven states to eleven additional states and increasing the targeted beneficiaries to include out-of-school girls, those who were married, and those who have disabilities.

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The World Bank also approved a loan of $750 million for Nigeria under President Tinubu’s government to boost the country’s power sector through the Power Sector Recovery Performance-Based Operation.

The loan was financed by the International Bank for Reconstruction and Development, which would provide $449 million, and the International Development Association would provide $301 million.

Also, Nigeria has secured a loan of $500 million for women empowerment programs under President Tinubu’s administration.

The scale-up financing will further support the government of Nigeria to invest in improving the livelihoods of women in Nigeria.

MORE NIGERIA NEWS

Ex-NDU VC, Prof. Samuel Edoumiekumo is Dead

IPOB Declares Readiness For Peace Talks With FG

Fuel Tanker Explodes on Lagos-Ibadan Expressway

Police Announce ‘Killer’ of Mohbad

Sir Alex Ferguson’s Wife, Lady Cathy Dies

Tribunal Upholds Alex Otti’s Election as Abia Governor

How Nephew, Driver, 2 Others Connived to Kill Benue Chief Judge

Fuel Subsidy Organised Crime – Peter Obi

Cooking Gas Price Hits N1000

Bandits Kill Nasarawa Lawmaker, Samaila Mairago

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TAGGED:Bola Tinubu
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