World Bank Approves $2.2 Billion Loan for Nigeria in 2025, Targeting Education, Health, and Economic Growth

The World Bank has approved a fresh $2.2 billion loan for the Federal Government of Nigeria in 2025, channeling funds into six major development projects.

According to the bank’s project list, the allocations include $500 million for the Community Action for Resilience and Economic Stimulus Programme, set for approval on March 17. Similarly, $552 million has been earmarked for the HOPE for Quality Basic Education for All, while Accelerating Nutrition Results in Nigeria 2.0 will receive $800 million—both slated for approval on March 31.

Further approvals include $300 million for the Solutions for Internally Displaced and Host Communities Project on July 15 and another $300 million for the Health Security Program on August 19. Additionally, the Building Resilient Digital Infrastructure for Growth (BRIDGE) initiative will secure $500 million upon approval on September 15.

The World Bank revealed that the BRIDGE and Health Security Program initiatives remain in the concept review phase, indicating they are still undergoing assessment and planning. In contrast, the Accelerating Nutrition Results and HOPE for Quality Basic Education projects have advanced to the negotiation stage.

Nigeria previously secured $1.5 billion from the World Bank in 2024 to support key reforms aimed at improving economic stability and revenue generation. Meanwhile, as of November 19, 2024, the country’s loan exposure to the World Bank’s International Development Association (IDA) climbed to $17.1 billion, ranking Nigeria third among the top 10 borrowers.

By December 31, 2024, Nigeria’s debt exposure to IDA had slightly reduced to $16.8 billion, but the country retained its position as the third-largest debtor to the financial institution.