The Federal government plans to secure six new loans totalling $2.23 billion from the World Bank in 2025, increasing its total approved loans to $9.25 billion over three years.
This funding supports critical sectors like infrastructure, healthcare, education, and economic stability.
Since 2023, under President Bola Tinubu’s administration, World Bank loan approvals have surged. In 2023, Nigeria secured $2.7 billion for projects in renewable energy, women’s empowerment, education, and power. Notable allocations included $750 million for expanding electricity access and $700 million for improving girls’ education.
In 2024, approvals jumped to $4.32 billion, largely due to economic pressures. Key loans included $1.5 billion for economic stabilization, $750 million for revenue mobilization, and $570 million for healthcare system strengthening.
Additional funding supported rural infrastructure, education, and power sector reforms.
For 2025, Nigeria is negotiating six loans focused on digital infrastructure, healthcare, education, and community resilience.
These include $500 million to expand broadband access, $300 million for health security, $552 million for foundational education, and $500 million for livelihood and food security programs. The approval process is ongoing, with discussions at various stages.
