Tinubu Govt Moves for New $1.25bn World Bank Loan
President Bola Tinubu’s government is seeking a fresh $1.25 billion loan from the World Bank.
The loan will support economic reforms, create jobs, attract investors, and improve key sectors of the economy.
The World Bank may approve the loan on June 26, 2026. Reports show that talks between both sides have reached the final stage.
If approved, the loan will become one of Nigeria’s biggest recent loans from the World Bank.
The World Bank said the fund will help Nigeria improve electricity, digital services, and access to finance.
The loan will also support reforms in tax, trade, and agriculture.
The project has passed key reviews inside the World Bank. It is now close to final approval.
The Federal Ministry of Finance will manage the programme for Nigeria.
Nigeria’s Debt Keeps Rising
The fresh loan talks have raised concerns about Nigeria’s growing debt.
Nigeria’s external debt stood at $51.86 billion in December 2025. Total public debt rose to $110.97 billion.
Between 2023 and 2026, the World Bank approved about $9.35 billion in loans for Nigeria.
The funds covered healthcare, education, agriculture, power, and economic reforms.
FG Warns World Bank Over Delays
The talks came days after Accountant-General Shamseldeen Ogunjimi warned the World Bank over delays in loan approvals.
He said Nigeria may reject future loans if delays continue for more than six months.
Ogunjimi said slow approvals could delay projects and hurt development plans.
He also asked the World Bank to release funds faster so projects can move on schedule.
Many Nigerians now want to see how the new loan will help the economy and improve liveTinubu Govt Moves for New $1.25bn World Bank Loan
President Bola Tinubu’s government is seeking a fresh $1.25 billion loan from the World Bank.
The loan will support economic reforms. It will also help create jobs and attract investors. In addition, it will improve key sectors of the economy.
Reports show that talks have reached an advanced stage. As a result, the World Bank may approve the loan on June 26, 2026.
If approved, the loan will become one of Nigeria’s biggest recent loans from the World Bank.
The World Bank said the fund will improve electricity, digital services, and access to finance.
It will also support reforms in tax, trade, and agriculture. At the same time, the government hopes the reforms will improve business growth.
The project has already passed major reviews inside the World Bank. Therefore, it is now close to final approval.
Meanwhile, the Federal Ministry of Finance will manage the programme for Nigeria.
Tinubu Govt Moves for New $1.25bn World Bank Loan
However, the fresh loan talks have raised concerns about Nigeria’s growing debt.
Nigeria’s external debt stood at $51.86 billion in December 2025. In total, public debt rose to $110.97 billion.
Between 2023 and 2026, the World Bank approved about $9.35 billion in loans for Nigeria.
The funds supported healthcare, education, agriculture, power, and economic reforms. In addition, they supported social protection programmes.
Meanwhile, Accountant-General Shamseldeen Ogunjimi recently warned the World Bank over delays in loan approvals.
He said Nigeria may reject future loans if delays continue for more than six months.
According to him, slow approvals could delay projects and hurt development plans.
He also asked the World Bank to release funds faster. This will help projects move on schedule.
For now, many Nigerians want to see how the fresh loan will help the economy and improve living conditions.es.
