Nigeria Seeks $1.75bn World Bank Loan Amid Revenue Growth

The Federal Government of Nigeria is seeking a new $1.75 billion loan from the World Bank despite recent revenue growth. President Bola Tinubu claimed Nigeria had surpassed its 2025 revenue target, with a 75% increase in revenue from January to August 2025.

The loan is intended to fund projects in agriculture, health, digital infrastructure, and small business financing. The World Bank is expected to approve the loan for initiatives like the Nigeria Sustainable Agricultural Growth project and a digital infrastructure program to boost connectivity and economic growth.