FG engages World Bank for second-largest $1.25 billion loan deal
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7 Articles
The Nigerian government is negotiating with the World Bank to secure a USD 1.25 billion financing facility to support its economic reform programme. According to the local media that relayed the information, the project has already gone through the main stages of internal evaluation and should be submitted to the World Bank's Board of Directors for final approval on 26 June 2026. The funding, entitled "Nigeria Actions for Investment and Jobs Acc…
Tinubu’s New World Bank Loan Bid Raises Debt Sustainability Concerns
The Tinubu Government’s push for a fresh $1.25 billion World Bank facility may support reforms in finance, electricity, digital services, trade and agriculture, but it has also reignited concerns over Nigeria’s already elevated public debt and long-term fiscal sustainability.
Fresh $1.25bn Loan May Push Nigeria’s Debt Above ₦160tn — Akelicious
The Federal Government is seeking a fresh $1.25bn loan from the World Bank to support economic reforms, job creation, and investment growth. The proposed facility, titled Nigeria Actions for Investment and Jobs Acceleration, is expected to be presented for approval on June 26, 2026, months before the 2027 presidential election. If approved, the loan, estimated at about ₦1.7tn, would become one of the largest World Bank facilities secured under P…
Nigeria Eyes $1.25bn Loan from World Bank, Second-Largest in History
The Nigerian government is negotiating a $1.25 billion loan with the World Bank. This loan will help create jobs, improve access to finance, and support sectors like agriculture and electricity. Titled “Nigeria Actions for Investment and Jobs Acceleration”, the loan is set for approval by the World Bank Board on June 26, 2026. It comes … The post Nigeria Eyes $1.25bn Loan from World Bank, Second-Largest in History appeared first on Business Eli…
FG, World Bank in talks over second-largest $1.25bn loan - OGUN STATE TELEVISION
The Federal Government has stepped up engagement with the World Bank for a fresh $1.25bn loan to support economic reforms, job creation, and competitiveness, as findings by The PUNCH showed that the facility has reached a critical stage in the lender’s approval process. The proposed loan, titled Nigeria Actions for Investment and Jobs Acceleration, is expected to be presented for approval on June 26, 2026, about six months and 21 days before the…
Nigeria deepens multilateral borrowing with new $1.25bn World Bank facility
Nigeria is set to deepen its reliance on multilateral financing as the Federal Government moves to secure a fresh $1.25 billion World Bank facility to support reforms across power, digital infrastructure, taxation, agriculture and financial access, amid rising concerns over debt exposure and execution risks ahead of the 2027 general elections. Documents obtained by Business […] The post Nigeria deepens multilateral borrowing with new $1.25bn Wo…
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