Atiku kicks as Nigeria plans fresh $1.5bn W/Bank loan
Meanwhile, the Federal Government is seeking a fresh $1.5 billion in financing from the World Bank through three proposed loans targeting climate resilience, early childhood development and social protection. This is just as the presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar demanded accountability before securing the fresh loan. Documents from the […]
The Nigerian government is seeking an additional $1.5 billion loan from the World Bank to fund three projects focused on climate resilience, early childhood development, and social protection. Presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar, has called for accountability before the government secures the fresh financing.
The three proposed components, each valued at $500 million, are currently at different stages of preparation, with the earliest scheduled for World Bank board consideration in October 2026. These projects include the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) program, the Nigeria Early Childhood Development programme, and the Household Prosperity and Empowerment – Social Protection Project (HOPE-SP).
Atiku has urged President Bola Tinubu's administration to address Nigeria's existing debt before proceeding with the $1.5 billion World Bank financing, demanding transparency and measurable outcomes from the projects.
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