The World Bank has approved a total of $2.2 billion in fresh loans for Nigeria in 2025, allocating the funds across six key development projects.
According to the World Bank’s project list, the largest allocations include $800 million for the Accelerating Nutrition Results in Nigeria 2.0 and $552 million for the HOPE for Quality Basic Education for All, both set for approval on March 31.
Additionally, $500 million has been earmarked for the Community Action for Resilience and Economic Stimulus Programme, expected to receive approval on March 17. Other allocations include $300 million for the Solutions for the Internally Displaced and Host Communities Project (July 15), $300 million for the Health Security Program (August 19), and $500 million for the Building Resilient Digital Infrastructure for Growth (BRIDGE) initiative (September 15).
The World Bank noted that the BRIDGE initiative and the Health Security Program are still in the concept review stage, while the education and nutrition projects have progressed to the negotiation phase.
In comparison, Nigeria received $1.5 billion in loans from the World Bank in 2024 to support economic stability and resource mobilization. However, the country remains one of the largest borrowers from the World Bank’s International Development Association (IDA). As of December 31, 2024, Nigeria’s loan exposure stood at $16.8 billion, securing its position as the third-largest debtor to the IDA.
Comments