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The World Bank has approved $2.2 billion in new loans for the Federal Government of Nigeria in 2025.
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The loans will be allocated across six different projects, including education, healthcare, and economic stimulus programs.
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The World Bank’s loan approval comes after Nigeria received $1.5 billion in 2024 for various development initiatives.
The World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025. According to the World Bank’s project list, the $2.2 billion will be allocated across six different projects.
The projects include the ‘Community Action for Resilience and Economic Stimulus Programme,’ which is set for approval on March 17 with a $500 million allocation.
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Also, the World Bank plans to approve $552 million for the ‘HOPE for Quality Basic Education for All’ and $800 million for ‘Accelerating Nutrition Results in Nigeria 2.0’ on March 31.
The World Bank also stated that it will approve $300 million for the ‘Solutions for the Internally Displaced and Host Communities Project’ on July 15 and another $300 million for the ‘Health Security Program’ on August 19.
Another project, ‘Building Resilient Digital Infrastructure for Growth (BRIDGE),’ will receive $500 million upon approval on September 15.
Nigeria, World Bank Collaborate on Capital Market Funding for Infrastructure
The Federal Government has opened conversations with the International Finance Corporation a member of the World Bank Group on policy formation to utilize the capital market and other available funding options.
This is done within Nigeria to fund infrastructure development through Public Private Partnership.
