Tinubu Unveils $78.5bn Investment Projects with World Bank Support

On October 16, President Bola Tinubu welcomed the World Bank Group's proposed plan to mobilize approximately $5.79 billion in private financing for Nigeria. He also introduced a pipeline of 65 bankable projects seeking $78.5 billion in investment, aimed at bolstering economic growth, expanding businesses, and creating jobs.

Key sectors expected to benefit include agriculture and digital infrastructure. Tinubu invited both domestic and international investors to explore these projects, assuring them that his administration would address obstacles to facilitate viable investments.

The project pipeline was presented by Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, and Olayemi Cardoso, the Governor of the Central Bank of Nigeria, during the Nigeria Investors Forum at the 2026 IMF–World Bank Annual Meetings in Bangkok. Tinubu emphasized that the World Bank's financing initiative supports the government's efforts to attract investment and expand economic opportunities.