The World Bank has approved a $1.25 billion financing package for Nigeria to support economic reforms, private investment and job creation.
The funding is tied to the Nigeria Actions for Investment and Jobs Acceleration programme and a new Country Partnership Framework covering 2026 to 2032.
The programme will support reforms in capital markets, digital regulation, power expansion, trade, agriculture and domestic revenue mobilisation.
The World Bank said the plan could expand electricity access to 32 million Nigerians, provide broadband connectivity for 58 million people, improve health and nutrition services for 40 million citizens and support about 9.5 million farmers.
World Bank Country Director for Nigeria, Mathew Verghis, said the framework builds on recent macroeconomic reforms and is focused on turning stability into jobs and wider opportunities.
Premium Times reported the approval alongside the new partnership framework, while Vanguard reported that the financing forms part of the NAIJA programme.
Sources: Vanguard, Premium Times
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