World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobs

By Yinka Kolawole, with agency report
The World Bank has approved a fresh $1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation.
The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country Partnership Framework (CPF) for Nigeria covering the period from 2026 to 2032.
Announcing the approval on Wednesday, the World Bank said the financing would support reforms aimed at removing barriers to private sector investment, improving competitiveness and laying the foundation for faster and more inclusive economic...