World Bank Approves $1.25 Billion for Nigeria: New 2026–2032 Plan Targets Jobs, Agriculture, Energy and Digital Growth
The World Bank Group has approved a new 2026–2032 Country Partnership Framework (CPF) for Nigeria, alongside a $1.25 billion financing package aimed at accelerating economic growth, creating jobs, and encouraging more private sector investment across the country.
The new partnership is designed to support Nigeria’s ongoing economic reforms while improving the lives of millions of citizens through investments in electricity, agriculture, digital connectivity, healthcare, and nutrition.
According to the World Bank, the strategy seeks to build on recent economic reforms that have strengthened Nigeria’s economy by increasing government revenue, improving foreign reserves, and supporting economic growth. The next phase will focus on ensuring that these gains translate into better living standards and more employment opportunities.
One of the key goals of the initiative is to expand access to essential services. The World Bank estimates that the programme will provide reliable electricity to about 32 million people, improve broadband internet access for 58 million Nigerians, strengthen health and nutrition services for 40 million citizens, and support approximately 9.5 million farmers with improved agricultural services and inputs.
The financing package will also support reforms aimed at attracting more private investment into the Nigerian economy. Areas of focus include strengthening capital markets, modernising digital regulations, expanding electricity access, improving regional trade, boosting domestic revenue generation, and making agricultural production more efficient.
World Bank officials believe that reducing barriers to private investment and addressing long-standing structural challenges will help Nigeria create more jobs, reduce poverty, and build a stronger and more resilient economy over the coming years.
The 2026–2032 partnership framework is expected to serve as the foundation for cooperation between Nigeria and the World Bank, with the overall objective of promoting sustainable economic development and improving the quality of life for millions of Nigerians.
World Bank, Nigeria Economy, $1.25 Billion Loan, Private Investment, Jobs, Agriculture, Energy, Broadband, Economic Reforms, Federal Government, Development, 2026–2032 Partnership Framework.
