W/Bank mobilises $5.79bn private capital for Nigeria

By Emma Ujah, Abuja Bureau Chief

The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy.

The financing drive is being supported by policy reforms, investment platforms, risk-sharing mechanisms and commercial financing aimed at removing barriers to investment and unlocking opportunities across critical sectors.

The initiative is also expected to strengthen food security, improve access to finance for small businesses, expand digital connectivity and create jobs, as the...