FG to receive $2.2bn World Bank loan in 2025

The Federal Government of Nigeria is about to receive a $2.2 billion loan from the World Bank in 2025, BusinessDay has learnt.

The World Bank said in its project list seen on Wednesday that the $2.2 billion loan would cut across six different projects.

About $500 million will be set aside for the ‘Community Action (for) Resilience and Economic Stimulus Programme.’ This will be approved on March 17.

Similarly, the sum of $300 million will be approved for the ‘Solutions for the Internally Displaced and Host Communities Project.’ The approval for this fund will happen on July 15. Also, another $300 million will be approved for Nigeria to strengthen the health sector. It is tagged, ‘Health Security Program,’ and will be approved on August 19.

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Furthermore, the World Bank will hand Nigeria about $500 million for ‘Building Resilient Digital Infrastructure for Growth (BRIDGE)’ on September 15.

BusinessDay recalls that Nigeria got $1.7 billion from the World Bank in 2024 for a number of projects.

According to the World Bank’s project list, the loan was targeted at improving Nigeria’s healthcare, agriculture, and infrastructure while driving its economic stability and resource mobilisation capacity.

Under the scheme, the World Bank approved $500 million for ‘Nigeria: Primary Healthcare Provision Strengthening Programme.’

Another $500 million was granted to Nigeria for a project tagged, ‘Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) – Governance,’ with a project cost of $700 million.

The third project, tagged, ‘ Sustainable Power and Irrigation for Nigeria,’ a $500 million project, was also granted to Nigeria.