FG engages World Bank for fresh $1.5 billion loans
The Federal Government is seeking $1.5 billion in fresh financing from the World Bank through three proposed loans targeted at social protection, early childhood development and climate resilience. The post FG engages World Bank for fresh $1.5 billion loans appeared first on Nairametrics .
The Federal Government is seeking an additional $1.5 billion in financing from the World Bank through three proposed loans aimed at social protection, early childhood development, and climate resilience. The three facilities, each valued at $500 million, are at various stages of preparation, with the earliest expected to be presented to the World Bank's board in October 2026.
The first proposed loan is the $500 million ACReSAL project, which focuses on agro-climatic resilience in semi-arid landscapes. The second facility is a $500 million IDA credit for Nigeria's Early Childhood Development program, aiming to improve access to essential services for children aged zero to five and their caregivers across the country.
The third proposed loan is the $500 million HOPE-SP project, which aims to establish a more sustainable social assistance system for poor and vulnerable households. If approved, these loans would bring the total World Bank financing for Nigeria to $1.5 billion.
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