The World Bank plans to issue a $2.2 billion loan for Nigeria in 2025, which would be distributed over six development projects. According to the Washington-based banking institution, the funds would go towards crucial efforts in education, health, digital infrastructure, and economic resilience.
$500 million – Community Action for Resilience and Economic Stimulus Programme (approval date: March 17). $552 million – HOPE for Quality Basic Education for All (approval date: 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 date: July 15). $300 million – Health Security Program (approval: August 19). $500 million – Building Resilient Digital Infrastructure for Growth (BRIDGE) (Approval date: September 15).
The BRIDGE project and Health Security Programme are still in the concept review stage, which means they are undergoing preliminary evaluation and development. The Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education initiatives have reached the negotiation stage. In 2024, Nigeria received $1.5 billion from the World Bank to help with economic stability and resource mobilisation.
As of September 30, 2024, Nigeria’s loan exposure from the International Development Association (IDA) was $17.1 billion, making it the third-largest borrower. By December 31, 2024, the exposure had fallen somewhat to $16.8 billion, although Nigeria remained third on the World Bank’s list of biggest borrowers. Once authorised, the loans are intended to help support Nigeria’s economic recovery and development initiatives.
