The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, aimed at funding six key development projects across various sectors, including education, health, digital infrastructure, and economic resilience.
According to the Washington-based financial institution, the loan will support initiatives designed to address critical challenges in the country, with a focus on improving living conditions, strengthening the economy, and building a more resilient infrastructure.
The loan will be distributed across the following projects:
- $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)
While the BRIDGE initiative and Health Security Program are still undergoing initial assessments, the Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education projects have already moved into the negotiation stage.
In 2024, Nigeria secured a $1.5 billion loan from the World Bank to support economic stability and resource mobilization. As of September 30, 2024, Nigeria’s loan exposure from the International Development Association (IDA) stood at $17.1 billion, making it the third-largest borrower from the institution. By the end of 2024, the exposure slightly decreased to $16.8 billion, but Nigeria remains one of the top debtors.
These loans are expected to provide a significant boost to Nigeria’s ongoing efforts to recover economically and improve living standards across the nation.
