Tinubu's Administration Seeks $500M World Bank Loan

President Bola Tinubu's administration has approached the World Bank for a $500 million loan to establish an infrastructure financing platform designed to reduce investment risks and attract private capital into key sectors of Nigeria. This proposed facility is part of a broader initiative known as the Infrastructure Financing and De-Risking Platform for Growth and Jobs (INFRAGROW), which totals $3.85 billion.

The Information Document, updated on November 4, 2026, identifies the Federal Ministry of Finance as the borrower and the Nigeria Sovereign Investment Authority (NSIA) as the implementing agency. The loan consists of $400 million from the International Bank for Reconstruction and Development and $100 million from the International Development Association.

A technical design review is scheduled for January 21, 2027, with a proposed approval date of May 25, 2027. The INFRAGROW structure combines World Bank funding with government equity, private investment, and guarantees from international financial institutions, aiming to attract commercial banks and institutional investors.