The Federal Government is set to secure six new loans worth $2.23 billion from the World Bank in 2025, pushing Nigeria’s total approved loans from the institution to $9.25 billion in three years.
Recent data from the World Bank indicates that these loans are part of efforts to support economic and structural reforms in critical sectors, including healthcare, education, and infrastructure. The new loans are expected to be directed towards projects aimed at improving access to quality education, enhancing healthcare systems, and boosting economic resilience.
Since 2023, Nigeria has steadily increased its reliance on World Bank funding. That year, the country secured $2.7 billion in loans, primarily for renewable energy, education, and women’s empowerment. In 2024, the approved loan amount surged to $4.32 billion, reflecting Nigeria’s growing financial needs amid fiscal challenges.
For 2025, key projects awaiting approval include the Nigeria Health Security Programme ($300 million), the Solutions for Internally Displaced and Host Communities Project ($300 million), and the Accelerating Nutrition Results in Nigeria 2.0 ($80 million). Additionally, the HOPE for Quality Basic Education for All project is expected to receive $552 million, while other initiatives targeting economic resilience and public welfare are also under consideration.
While these loans aim to drive national development, concerns persist over Nigeria’s rising debt profile and its implications for long-term economic stability.
Nigeria’s World Bank Debt Set to Rise as FG Eyes New Loans
The Federal Government is set to secure six new loans worth $2.23 billion from the World Bank in 2025, pushing Nigeria’s total approved loans from the institution to $9.25 billion in three years.
Recent data from the World Bank indicates that these loans are part of efforts to support economic and structural reforms in critical sectors, including healthcare, education, and infrastructure. The new loans are expected to be directed towards projects aimed at improving access to quality education, enhancing healthcare systems, and boosting economic resilience.
Since 2023, Nigeria has steadily increased its reliance on World Bank funding. That year, the country secured $2.7 billion in loans, primarily for renewable energy, education, and women’s empowerment. In 2024, the approved loan amount surged to $4.32 billion, reflecting Nigeria’s growing financial needs amid fiscal challenges.
For 2025, key projects awaiting approval include the Nigeria Health Security Programme ($300 million), the Solutions for Internally Displaced and Host Communities Project ($300 million), and the Accelerating Nutrition Results in Nigeria 2.0 ($80 million). Additionally, the HOPE for Quality Basic Education for All project is expected to receive $552 million, while other initiatives targeting economic resilience and public welfare are also under consideration.
While these loans aim to drive national development, concerns persist over Nigeria’s rising debt profile and its implications for long-term economic stability.
