World Bank to approve $2.2bn loan for Nigeria in 2025

|Published 12:45 PM ET, Thursday February 27, 2025|

The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, aimed at supporting six key development projects. This funding will address critical sectors such as infrastructure, healthcare, education, and sustainable energy, aligning with Nigeria’s strategic objectives to enhance economic growth and improve public services.

$500 million – Community Action for Resilience and Economic Stimulus Programme (Approval: March 17)

$552 million – HOPE for Quality Basic Education for All (Approval: March 31)

$800 million – Accelerating Nutrition Results in Nigeria 2.0 (Approval: March 31)

$300 million – Solutions for Internally Displaced and Host Communities Project (Approval: July 15)

$300 million – Health Security Program (Approval: August 19)

$500 million – Building Resilient Digital Infrastructure for Growth (BRIDGE) (Approval: September 15)

The BRIDGE initiative and Health Security Programme are still in the concept review stage, meaning they are undergoing initial assessment and planning.

The Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education projects have advanced to the negotiation stage.