LunagisthubNigeria Set to Receive $2.2 Billion World Bank Loan in 2025
In a significant development, the World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025. This substantial funding will be allocated across six key projects aimed at driving economic growth, improving education and healthcare, and enhancing the country’s digital infrastructure.
Breakdown of the Loan Allocation
The $2.2 billion loan will be distributed as follows:
Community Action for Resilience and Economic Stimulus Programme $500 million, set for approval on March 17
HOPE for Quality Basic Education for All $552 million, approval expected on March 31
Accelerating Nutrition Results in Nigeria 2.0 $800 million, also set for approval on March 31
Solutions for the Internally Displaced and Host Communities Project $300 million, approval expected on July 15
Health Security Program
$300 million, set for approval on August 19
Building Resilient Digital Infrastructure for Growth (BRIDGE)*: $500 million, approval expected on September 15
Nigeria’s Growing Loan Exposure
As of November 19, 2024, Nigeria’s loan exposure from the World Bank’s International Development Association (IDA) stood at $17.1 billion, ranking the country third among the top 10 borrowers. By December 31, 2024, this figure had dropped to $16.8 billion, but Nigeria retained its position as the third-largest debtor to the IDA ¹.
This significant loan funding is expected to support Nigeria’s economic recovery and development efforts, particularly in critical areas such as education, healthcare, and digital infrastructure.
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