FG seeks World Bank guarantees for infrastructure financing

The Federal Government has initiated discussions with the World Bank Group to secure additional financing support for infrastructure development, particularly in the power sector. The goal is to leverage World Bank guarantee instruments to attract private capital into critical infrastructure projects, reduce pressure on public finances, and promote sustainable growth.

The meeting, held during the 2026 International Monetary Fund and World Bank Group Annual Meetings, aimed to explore how Nigeria can maximize the use of these guarantees to unlock financing for infrastructure and encourage private sector participation. While specific details such as the amount of financing, targeted projects, and a timeline remain undisclosed, the discussions are part of Nigeria's strategy to transition from macroeconomic stabilisation to stronger economic growth, increased private investment, and improved domestic revenue generation.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.