World Bank Approves $1.25bn Loan for Nigeria Despite Debt Worries The World Bank has approved a $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite recent public backlash over the country’s rising debt burden and calls by many Nigerians...

The World Bank will disburse $27 million in performance-based grants to 20 Nigerian states under the Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Programme, after they met key reform targets in education, healthcare, and public financial management.

The World Bank Group and the African Development Bank (AfDB) announced that Mission 300 has connected more than 50 million people to electricity across 40 countries, nearly doubling the pace of electrification since the initiative began.

Electricity sector has received at least $3.65 billion in World Bank-backed funding since 2001, yet millions of households and businesses still face unstable power supply, frequent grid collapses, and heavy reliance on generators.

FG, World Bank Restructure $500m Education Programme   The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted...

Nigeria has cancelled $717.7 million in undisbursed World Bank funding under the Power Sector Recovery Performance-Based Operation (PSRO), a programme designed to restore financial sustainability in the electricity sector.