Nigeria Seeks $1.5 Billion World Bank Loan

Nigeria Seeks $1.5 Billion World Bank Loan as FG Expands Port Upgrade Beyond Lagos

The Federal Government is pursuing three new World Bank facilities worth a combined $1.5 billion while separately expanding its port modernisation programme beyond Lagos. The proposed Nigeria $1.5 billion World Bank loan would fund climate resilience, social protection and early childhood development. At the same time, the government has approved the upgrade of Onne, Rivers,…

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Nigeria Secures $1.25bn World Bank Support to Boost Jobs and Economic Growth

Nigeria has secured a $1.25 billion financing package from the World Bank aimed at accelerating economic reforms, creating jobs and unlocking private sector-led growth under a new long-term partnership framework. The funding forms part of the World Bank’s new Country Partnership Framework (CPF) for 2026–2032, which is designed to support Nigeria’s efforts to stimulate investment,…

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