Loan Alert | The World Bank has approved a $632 million loan for Nigeria.

The World Bank has approved a $632 million loan for Nigeria. This loan is aimed at supporting the country’s development initiatives, with a focus on improving key sectors such as education, healthcare, infrastructure, and job creation. The approval reflects the World Bank’s continued commitment to assisting Nigeria in achieving sustainable economic growth and development

The World Bank has approved new loans totaling $632 million to support key sectors in Nigeria, despite concerns about the country’s growing debt. The loans include $80 million for the Accelerating Nutrition Results in Nigeria 2.0 project and $552 million for the HOPE for Quality Basic Education for All program. These initiatives are part of the World Bank’s broader strategy to improve healthcare, education, and community resilience in Nigeria.

The funding aims to enhance nutrition outcomes and increase access to quality education for Nigerian children. Additionally, on March 28, 2025, the World Bank approved a separate $500 million loan for the Community Action for Resilience and Economic Stimulus Programme, which aims to strengthen livelihoods, food security, and provide financial support to vulnerable households and businesses.