The Federal Government is seeking a fresh $1.25bn loan from the World Bank to support economic reforms, job creation, and investment growth.
The proposed facility, titled Nigeria Actions for Investment and Jobs Acceleration, is expected to be presented for approval on June 26, 2026, months before the 2027 presidential election.
If approved, the loan, estimated at about ₦1.7tn, would become one of the largest World Bank facilities secured under President Bola Tinubu’s administration and could push Nigeria’s total public debt above ₦160tn.
According to the World Bank document, the facility is designed “to support the government’s efforts to expand access to finance, digital, and electricity services, and strengthen competitiveness through tax, trade, and agriculture. Read Original Complete, Details. .
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