World Bank to Loan Nigeria $2.2bn in 2025
The Federal Government of Nigeria is set to receive total of $2.2 billion in new loans in 2025.
According to the World Bank’s project list, the $2.2 billion will be allocated across six different projects.
The global financial institution...
World Bank: FG Eyes Six Loans as Nigeria’s Debt Hit $9.2bn
The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms.
Data from the...
Nigeria, World Bank Target Capital Market to Bridge Infrastructure Funding Gap
The Federal Government of Nigeria has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to develop policies that leverage the capital market and other funding options within the country....
World Bank Urges FG to Ease Private Sector Constraints
The World Bank has called on the Federal Government to tackle major obstacles stifling private sector growth in Nigeria. By implementing reforms in crucial sectors, the country could unlock billions of dollars in investments and create...
FG Seeks Additional $580m Loan from World Bank
Two fresh loans totaling $580m are being sought from the World Bank in March 2025.
The projects, Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education for All, are expected to receive final approvals on...
Word Bank Suspends Two Nigerian Firms Over Corruption
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices...
