World Bank To Approve $2.2 Billion Loan For Nigeria In 2025 – See Project Breakdown

World Bank to Approve $2.2 Billion Loan for Nigeria in 2025 to boost education, healthcare, digital infrastructure, and economic resilience amid rising debt concerns

The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, funding six key projects aimed at economic resilience, education, health, and digital infrastructure.

Breakdown of the $2.2 Billion Loan

According to the World Bank’s project list, the loans will be disbursed as follows:

• $500 million for the Community Action for Resilience and Economic Stimulus Programme – Approval expected by March 17.
• $552 million for the HOPE for Quality Basic Education for All – Approval set for March 31.
• $800 million for Accelerating Nutrition Results in Nigeria 2.0 – Also expected by March 31.
• $300 million for the Solutions for Internally Displaced and Host Communities Project – Approval set for July 15.
• $300 million for the Health Security Program – Expected approval by August 19.
• $500 million for the Building Resilient Digital Infrastructure for Growth (BRIDGE) – Approval projected for September 15.

The World Bank noted that the BRIDGE initiative and the Health Security Program are still in the concept review phase, meaning they are in the early stages of assessment. Meanwhile, the Accelerating Nutrition and HOPE for Education projects have reached the negotiation stage.

Nigeria’s Growing Loan Portfolio

In 2024, the World Bank provided Nigeria with $1.5 billion for critical development initiatives aimed at strengthening resource mobilization and economic stability.

However, Nigeria’s borrowing continues to rise. According to the World Bank’s International Development Association (IDA), the country’s loan exposure stood at $17.1 billion as of September 30, 2024, making it the third-largest borrower. By December 31, 2024, Nigeria’s exposure slightly dropped to $16.8 billion, yet it retained its position among the top three debtors.

What This Means for Nigeria

While the new loans offer opportunities for economic growth and development, concerns remain over Nigeria’s rising debt profile. The approval of these funds in 2025 will be crucial in shaping the country’s infrastructure, education, and health sectors if used well.