The federal government will receive $2.2 billion in new loans from the World Bank in 2025, allocated across six significant projects. The lender intends to approve $500 million for the “Community Action for Resilience and Economic Stimulus Programme” by March 17. Furthermore, $552 million is earmarked for the “HOPE for Quality Basic Education for All” initiative, and $800 million will be directed towards “Accelerating Nutrition Results in Nigeria 2.0” by March 31.
In addition, $300 million will be allocated to the “Solutions for the Internally Displaced and Host Communities Project” on July 15, and another $300 million will support the “Health Security Program” on August 19. Lastly, $500 million is designated for the “Building Resilient Digital Infrastructure for Growth (BRIDGE)” initiative by September 15.
World Bank noted that the BRIDGE and Health Security Program are still in the concept review stage, while the nutrition and education projects have advanced to negotiations. In 2024, Nigeria received $1.5 billion for development initiatives, bringing its total exposure under the International Development Association (IDA) to $17.1 billion as of September 30, 2024, according to TheCable.
By December 31, 2024, this dropped slightly to $16.8 billion, though Nigeria remains the third-largest borrower from the IDA. “Nigeria continues to prioritize investments in resilience, education, health, and digital infrastructure,” a World Bank spokesperson said.
