Nigeria’s push for a fresh $1.25 billion World Bank loan is sharpening concerns that Africa’s most populous nation is becoming increasingly dependent on multilateral lenders to keep its reform agenda alive, even as public debt climbs to record levels and fiscal buffers remain fragile.
The proposed facility, expected to be approved by June 26, 2026, would take World Bank commitments to Nigeria to about $9.35 billion since President Bola Tinubu assumed office in June 2023. The scale and pace of the borrowing underscore how heavily the governme
