World Bank to Approve $1B Loan for Nigeria to Boost Jobs and Investment
The World Bank is set to approve a new $1 billion loan for Nigeria on December 16, 2025, aimed at accelerating job creation and investment. The loan, comprising $500 million from the International Development Association (IDA) and $500 million from the International Bank for Reconstruction and Development (IBRD), will support economic reforms to drive job creation and private investment in key sectors.
The loan is part of the World Bank's broader post-reform support package to help Nigeria achieve sustainable inclusive growth. The program will focus on unlocking private sector growth, expanding access to finance, promoting digital inclusion, strengthening financial regulations, reducing business costs, and enhancing competitiveness.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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