The World Bank has confirmed it will review a fresh US $1 billion loan request from Nigeria, aimed at supporting the country’s economic reforms, private‑sector growth, and job creation agenda. The proposed funding is structured as a two‑tranche operation comprising a US $500 million IDA credit and a US $500 million IBRD loan.
(Source: Punch)
Purpose of the Loan
The loan, titled “Nigeria Actions for Investment and Jobs Acceleration (P512892)”, is intended to:
Expand access to credit and financial services, including digital finance.
Strengthen Nigeria’s regulatory environment to attract private investment.
Support job creation in critical sectors such as agriculture, trade, and the digital economy.
(Sources: SaharaReporters, ABN TV)
A tentative date of December 16, 2025, has been set for the World Bank board to consider the loan.
Significance for Nigeria
The loan aligns with the Tinubu administration’s “Renewed Hope Agenda”, supporting reforms such as fuel subsidy removal, exchange rate unification, and fiscal consolidation.
Nigeria’s economy, while stabilising, continues to face challenges including poverty, unemployment, and limited private-sector investment. The loan aims to catalyse inclusive growth and broaden economic opportunities.
(Source: SaharaReporters)
Next Steps
The Federal Ministry of Finance will coordinate with the World Bank to ensure that Nigeria meets all policy conditions and documentation requirements for disbursement.
Upon approval, the government will implement monitoring frameworks to guarantee transparency, effective use of funds, and measurable outcomes in investment and job creation.
