The Federal Government is in advanced discussions with the World Bank for a new 1.25 billion dollar loan facility aimed at supporting economic reforms, job creation and competitiveness in Nigeria.
According to a document titled “Nigeria Actions for Investment and Jobs Acceleration,” the proposed loan has reached the decision-meeting stage and is expected to be presented for approval on June 26, 2026.
If approved, the facility will be implemented by the Federal Ministry of Finance and is expected to expand access to finance, digital services and electricity, while also supporting reforms in taxation, trade and agriculture.
The proposed loan comes amid growing concerns over Nigeria’s rising debt profile. Data show that the country’s external debt stood at 51.86 billion dollars as of December 31, 2025, while total public debt is currently estimated at 110.97 billion dollars.
The development also follows recent comments by the Office of the Accountant-General of the Federation, which warned that Nigeria may reject World Bank loan facilities if delays in approval and disbursement extend beyond six months.