Inside FG’s fresh $1.5bn World Bank Loan
The Federal Government is seeking $1.5bn in fresh financing from the World Bank to expand social protection, improve early childhood development and scale up climate-resilient interventions, even as Nigeria’s total public debt climbs to N166.79tn. Documents from the World Bank seen by Daily Trust show that the proposed financing comprises three separate $500m International Development […]
The Federal Government is seeking $1.5bn in new financing from the World Bank to bolster social protection, enhance early childhood development, and scale up climate-resilient initiatives. Nigeria's total public debt has surged to N166.79tn, a 47.61% increase over three years, from N87.38tn in June 2023 to N166.79tn by June 2026.
This debt climb has also led to a $21.27bn rise in World Bank Group exposure, from $19.12bn in June 2025 to $20.73bn at the end of June 2026. The proposed $1.5bn in new borrowing from the World Bank will be allocated across three separate $500m International Development Association credits, aimed at household welfare, human capital development, and climate resilience.
The first proposed facility, the $500m ACReSAL, would increase the project's size from $700m to $1.2bn, targeting land degradation, water insecurity, climate vulnerability, and declining agricultural productivity in 19 northern states and the FCT. The second $500m facility would support Nigeria's Household Prosperity and Empowerment-Social Protection Project, implementing unconditional and conditional cash transfers, nutrition, and access to education and health services.
The third $500m facility is proposed for the Nigeria Early Childhood Development programme, aiming to increase access to quality services for children aged zero to five across all 36 states and the FCT.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
