World Bank approves $1.25bn loan for Nigeria alongside 2026–2032 growth framework

World Bank approves $1.25 billion for Nigeria's economic reforms, targeting job creation, investment boost, and growth in power, agriculture, and digital sectors.

By Yinka Kolawole, with agency report The World Bank has approved a fresh $1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation. The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country […] The post World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobs appeared first on Vanguard News.

The framework outlines the lender's strategy for supporting Africa's largest economy over the next six years. The post World Bank approves $1.25bn financing for Nigeria, unveils six-year growth strategy appeared first on Premium Times Nigeria.

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme. The approval was announced on Wednesday alongside the launch of a new Country Partnership Framework for Nigeria, spanning 2026 to 2032. The global financial institution noted that the newly endorsed strategy aims to […] World Bank approves fresh $1.25bn loan for Nigeria

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite growing public criticism over the country’s rising debt profile.The approval was announced on Wednesday alongside the launch of a new Country Partnership Framework (CPF) for Nigeria covering 2026–2032. The framework, according to the Bank, is designed to support private sector-led growth and create millions of jobs.“The World Bank Group has endorsed a new Country Partnership Framework for Nigeria spanning 2026–2032, setting out a strategy to create more and better jobs at scale by unlocking private sector-led growth,” the statement read.The Bank explained that the $1.25bn facility will back reforms aimed at strengthening competitiveness, deepening capital markets, modernising digital regulation, advancing power sector reforms, lowering trade barriers, and boosting agricultural productivity.World Bank Country Director for Nigeria, Mathew Verghis, said the focus would be on translating recent macroeconomic gains into improved living standards. “Our new Country Partnership Framework provides the strategy for how the World Bank Group will support Nigeria over the coming years, with a strong focus on helping to create more and better jobs,” he noted.The International Finance Corporation’s Dahlia Khalifa and Multilateral Investment Guarantee Agency’s Ed Mountfield also highlighted opportunities for private investment, while cautioning that risks remain.This latest approval is Nigeria’s second-largest World Bank facility under President Bola Tinubu, following the $1.5bn Reforms for Economic Stabilisation to Enable Transformation loan in June 2024.According to the Debt Management Office, Nigeria’s debt to the World Bank rose from $17.81bn at the end of 2024 to $19.89bn by December 2025, accounting for over 38 per cent of the country’s total external debt stock of $51.86bn.