The World Bank has approved $2.2 billion in new loans for Nigeria in 2025, with the funds allocated across six key projects.
According to the World Bank’s project list, $500 million has been designated for the Community Action for Resilience and Economic Stimulus Programme, set for approval on March 17. On March 31, the bank plans to approve $552 million for HOPE for Quality Basic Education for All and $800 million for Accelerating Nutrition Results in Nigeria 2.0.
Additional allocations include $300 million for the Solutions for the Internally Displaced and Host Communities Project on July 15 and another $300 million for the Health Security Program on August 19.
The Building Resilient Digital Infrastructure for Growth (BRIDGE) initiative will receive $500 million upon approval on September 15. Both the BRIDGE initiative and the Health Security Program are still in the early concept review stage.
As of November 19, 2024, Nigeria’s loan exposure to the World Bank’s International Development Association (IDA) stood at $17.1 billion. By December 31, 2024, this figure had decreased to $16.8 billion, though Nigeria remained the third-largest borrower from the IDA.
