World Bank backs Nigeria 2026–2032 plan with $1.25bn to spur jobs, private investment

World Bank Group has approved a new long-term partnership strategy for Nigeria alongside $1.25 billion in financing, aiming ‌to drive job creation and economic growth by unlocking private sector investment and expanding access to energy, digital, and agricultural services.

The World Bank Group approved a 2026–2032 Country Partnership Framework for Nigeria and $1.25 billion financing package aimed at driving job creation through private sector–led growth.

The strategy builds on recent reforms that have lifted growth, revenues and reserves, and aims to translate gains into broader living standards.

Targets expanded access: energy ‌for 32 million people, broadband for 58 million, better health and nutrition for 40 million and support for 9.5 million farmers.

Financing backs reforms to deepen capital markets, modernise digital regulation, expand electrification, ease regional trade, improve farm inputs and boost domestic revenues.

Officials say unlocking private investment and tackling structural constraints – supported by guarantees and policy reforms – is key to sustaining growth, resilience and poverty reduction.