World Bank Approves $500M Loan for Nigeria's ACReSAL Project

Nigeria has received a $500 million loan from the World Bank, as announced in a press release dated November 6, 2026. This funding will support the ACReSAL project, which focuses on watershed rehabilitation, improved water management, erosion and flood control, and strengthening rural livelihoods until 2031.

The project aims to benefit 6.6 million people by enhancing household incomes, reducing conflicts, and improving agricultural productivity. Mathew Verghis, World Bank Country Director for Nigeria, stated that the project has shown how investments in climate-resilient landscapes can improve livelihoods and food security.

Since its launch in 2022, ACReSAL has reached over 4.4 million beneficiaries and introduced sustainable landscape management practices across approximately 550,000 hectares. Iganya Joy Agene, ACReSAL Task Team Leader, noted that the additional financing reflects the project's success and will expand investments in climate adaptation and job creation.

The Federal Ministry of Environment implements ACReSAL in collaboration with other federal ministries.