The World Bank is preparing to approve fresh loans totaling $2.95 billion for Nigeria in 2025, targeting multiple development projects across key sectors.
According to the Washington-based financial institution’s project list, these funds will support six major initiatives aimed at boosting economic resilience, education, healthcare, digital infrastructure, and support for internally displaced persons.
Breakdown of the New Loans
A detailed breakdown of the proposed loans reveals the following allocations:
- $500 million for the Community Action for Resilience and Economic Stimulus Programme (Approval: March 17, 2025)
- $552 million for the HOPE for Quality Basic Education for All (Approval: March 31, 2025)
- $800 million for Accelerating Nutrition Results in Nigeria 2.0 (Approval: March 31, 2025)
- $300 million for the Solutions for the Internally Displaced and Host Communities Project (Approval: July 15, 2025)
- $300 million for the Health Security Program (Approval: August 19, 2025)
- $500 million for the Building Resilient Digital Infrastructure for Growth (BRIDGE) (Approval: September 15, 2025)
Loan Status and Approval Process
While the BRIDGE initiative and the Health Security Program remain in the concept review stage, indicating they are still undergoing assessment and planning, the Accelerating Nutrition Results in Nigeria 2.0 and the HOPE for Quality Basic Education for All projects have advanced to the negotiation stage.
This follows the World Bank’s previous loan of $1.5 billion to Nigeria in 2024, which funded key initiatives to enhance resource mobilization and economic stability.
Implications for Nigeria’s Development
The new loans reflect the World Bank’s continued financial commitment to Nigeria’s development, particularly in areas of education, health, economic resilience, and digital infrastructure. If approved, these funds will play a crucial role in addressing some of the country’s pressing challenges, including malnutrition, displacement, and healthcare security.