Nigeria Gets Fresh $500m World Bank Loan
The financing will expand watershed rehabilitation, erosion control and rural livelihoods, and the World Bank says 6.6 million people are expected to benefit.
- On November 6, 2026, the World Bank approved $500m in additional financing for the Agro-Climatic Resilience in Semi-Arid Landscapes Project to strengthen climate resilience across Nigeria.
- The project covers the 19 northern states and the Federal Capital Territory, targeting restoration of 1.4 million hectares of degraded landscapes to protect natural resources supporting economic growth.
- Since its 2022 launch, ACReSAL reached more than 4.4 million beneficiaries; the new funding expects to benefit 6.6 million people through improved household incomes and increased agricultural productivity.
- World Bank Country Director for Nigeria Mathew Verghis said investments improve livelihoods and strengthen food security, while ACReSAL Task Team Leader Iganya Joy Agene noted the funding will expand large-scale interventions.
- This financing follows the Federal Government's recent request for another $500m World Bank loan for the proposed Nigeria Infrastructure Financing and De-Risking Platform for Growth and Jobs .
11 Articles
11 Articles
Nigeria Gets Fresh $500m World Bank Loan
The World Bank has said that Nigeria will restore 1.4 million hectares of degraded landscapes and strengthen climate resilience across northern states with an additional $500m financing approved by the Bank for the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project.
World Bank approves $500m Nigeria loan to Tackle Flood, Others - Economi Confidential
World Bank approves $500m Nigeria loan to Tackle Flood, Others The World Bank has approved $500 million in financing for Nigeria to tackle flooding, restore degraded agricultural land and reduce conflicts between farmers, herders and rural communities across the northern part of the country. The funding, approved under the Agro-Climatic Resilience in Semi-Arid Landscapes Project, […]
World Bank approves $500m loan to tackle flooding, land degradation in northern Nigeria
By Emmanuella Opara | November 12th 2026 KEY POINTS MAIN STORY The World Bank has approved $500m in additional financing for Nigeria to strengthen flood management, restore degraded agricultural land and address competition over natural resources in communities across the northern part of the country. The funding, provided under the Agro-Climatic Resilience in Semi-Arid Landscapes […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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