The World Bank approves a new $1.25 billion loan for Nigeria under its “Nigeria Actions for Investment and Jobs Acceleration” programme, announced alongside the launch of a new Country Partnership Framework (CPF) covering 2026 to 2032. The Bank says the CPF sets out a strategy to support private sector-led growth and create jobs. In its description of the loan and framework, the World Bank links the funding to reforms aimed at strengthening competitiveness, deepening capital markets, modernising digital regulation, and advancing power sector reforms. It also cites efforts to lower trade barriers and boost agricultural productivity. World Bank officials say the focus is on translating recent macroeconomic gains into improved living standards.
The approval comes as some public criticism continues over Nigeria’s rising debt levels. The reports reference Nigeria’s Debt Management Office figures showing Nigeria’s debt to the World Bank increases from $17.81 billion at the end of 2024 to $19.89 billion by December 2025, accounting for more than 38% of the country’s total external debt stock of $51.86 billion. The $1.25 billion facility is described as one of the larger World Bank loans since President Bola Tinubu took office.
