The World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025.
According to the World Bank’s project list, the $2.2 billion will be allocated across six different projects.
The global financial institution has earmarked $500 million for the ‘Community Action for Resilience and Economic Stimulus Programme,’ which is set for approval on March 17.
Additionally, on March 31, the World Bank plans to approve $552 million for the ‘HOPE for Quality Basic Education for All’ and $800 million for ‘Accelerating Nutrition Results in Nigeria 2.0.’
Similarly, the Washington-based financial institution stated that it will approve $300 million for the ‘Solutions for the Internally Displaced and Host Communities Project’ on July 15 and another $300 million for the ‘Health Security Program’ on August 19.
It was also noted that another project, ‘Building Resilient Digital Infrastructure for Growth (BRIDGE),’ will receive $500 million upon approval on September 15.