The World Bank is poised to make decisions on three major loan projects for Nigeria in 2025, totaling $1.65 billion, aimed at addressing key developmental challenges in the country.
The loans, which are currently in the pipeline, will focus on internally displaced persons, education, and nutrition improvement.
According to the World Bank’s website, these loans are intended to support Nigeria’s social and economic recovery, particularly in vulnerable sectors that require urgent intervention.
The first project, titled “Solutions for the Internally Displaced and Host Communities Project,” is set to receive $300 million in financing, with approval scheduled for April 8, 2025. Currently in the concept review phase, this project aims to provide sustainable solutions for internally displaced persons and their host communities, addressing their social and economic needs.
The second project, “HOPE for Quality Basic Education for All,” is expected to secure $553.8 million in funding. Its approval is slated for March 20, 2025, and it is also in the concept review stage.
The third project, “Accelerating Nutrition Results in Nigeria 2.0,” will receive the largest portion of the loans, with a proposed commitment of $800 million. A decision meeting for this project is set for February 20, 2025.
This $1.65 billion financing package highlights the World Bank’s ongoing support for Nigeria’s reforms. Decisions on the loans will be made in early 2025, with Nigeria’s ability to meet project requirements and demonstrate accountability in implementation playing a crucial role in securing the funding.
