
The World Bank could approve $1.13 billion in loans for Nigeria before the end of March 2025 to bolster economic resilience, health security, and education reforms.
According to the World Bank’s website, three key projects for Nigeria are currently in the negotiation phase, with approval dates scheduled for this month.
One of these projects, the Accelerating Nutrition Results in Nigeria 2.0 programme, is valued at $80 million and is expected to be approved by March 31, 2025. The initiative aims to improve nutrition outcomes, particularly for vulnerable groups, by expanding access to essential dietary support and combating malnutrition.
Another project under negotiation is the Community Action for Resilience and Economic Stimulus Programme, which carries a commitment value of $500 million and is slated for approval by March 24, 2025. This initiative focuses on strengthening economic resilience through community-driven economic stimulus efforts.
Additionally, the HOPE for Quality Basic Education for All programme, with proposed funding of $552.2 million, is expected to secure approval by March 31, 2025. The programme seeks to enhance basic education by addressing infrastructure gaps, improving teacher training, and expanding educational access nationwide.
The potential approval of these loans comes as Nigeria grapples with economic pressures, including foreign exchange liquidity challenges, fiscal deficits, and rising debt service obligations.