Nigeria has secured fresh World Bank loans amounting to $1.75 billion to support development programmes in the country.

The bank has also approved a new Country Partnership Framework (CPF) for Nigeria covering a period of six years, 2026 to 2032.

The first $1.25 billion is to expand energy access to 32 million Nigerians, deliver broadband connectivity to 58 million people, improve health and nutrition services for 40 million people, and support 9.5 million farmers through a new Country Partnership Framework (CPF) that spans 2026 to 2032.

The second $500 million loan would support Nigeria’s agricultural value chain development under the Sustainable Agricultural Value-Chains for Growth (AGROW) Project.

These facilities are coming amid general concerns over Nigeria’s rising public debt, which, according to the Debt Management Office (DMO), stood at N159.28 trillion as of December 31, 2025.

Although the government has consistently said its debt was still sustainable and within the debt-to-Gross Domestic Product (GDP) threshold, both the International Monetary Fund (IMF) and the World Bank had at some points cautioned the government to be cautious of the rising debt.

On the latest development, the World Bank in a statement said it has also approved the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing (DPF) operation, which supports Nigeria’s transition toward a more inclusive growth model that spurs growth and creates jobs.

It said building on the macroeconomic gains achieved through recent reforms, including stronger growth, higher revenues, increased reserves, and improved investor confidence, the CPF supports Nigeria’s efforts to create more and better jobs by accelerating private sector growth, with a focus on mobilising private investment to complement public resources.

“It aims to expand energy access to 32 million Nigerians, deliver broadband connectivity to 58 million people, improve health and nutrition services for 40 million people, and support 9.5 million farmers, while strengthening human capital, boosting agricultural productivity, and expanding access to energy and digital infrastructure.

“Our new Country Partnership Framework provides the strategy for how the World Bank Group will support Nigeria over the coming years, with a strong focus on helping to create more and better jobs, particularly by enabling private sector-led growth,” said World Bank Country Director for Nigeria, Mathew Verghis.

On the Sustainable Agricultural Value-Chains for Growth (AGROW) Project, the World Bank Country Director said the initiative was a transformative step for Nigeria’s agriculture, empowering smallholder farmers, unlocking private sector–led growth and strengthening food security sustainably.

Verghis added that the project was expected to benefit up to one million smallholder farmers, mobilise significant private investment and increase yields across targeted crops.

“At the same time, it will help to ensure improved food and nutrition security and greater resilience to climate shocks among farmers in the participating states across Nigeria,” he added.

According to him, the six year project was expected to raise an additional $220 million from private agribusiness investment.

Also, IFC Divisional Director for Nigeria, Dahlia Khalifa, said Nigeria’s long-term growth would depend on its ability to attract investment, improve productivity and create jobs through the private sector.

She added that through the new partnership framework, the World Bank Group would work with Nigeria to unlock private investment, expand access to infrastructure and essential services, and create an enabling environment for businesses to innovate and compete.

“Together, these efforts aim to translate reform momentum into broader economic opportunity and improved livelihoods,” she added.