The World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025, allocated across six projects. These include $500 million for the ‘Community Action for Resilience and Economic Stimulus Programme’ (approval set for March 17), $552 million for ‘HOPE for Quality Basic Education for All’ (March 31), $800 million for ‘Accelerating Nutrition Results in Nigeria 2.0’ (March 31), $300 million for ‘Solutions for the Internally Displaced and Host Communities Project’ (July 15), $300 million for the ‘Health Security Program’ (August 19), and $500 million for ‘Building Resilient Digital Infrastructure for Growth (BRIDGE)’ (September 15).
The BRIDGE initiative and Health Security Programme are currently in the concept review stage. As of November 19, 2024, Nigeria’s loan exposure from the World Bank’s International Development Association (IDA) stood at $17.1 billion, making it the third-largest borrower. By December 31, 2024, the exposure slightly decreased to $16.8 billion, but Nigeria maintained its position as the third-largest IDA debtor.
