World Bank approves fresh $1.25bn loan for Nigeria

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme.
The approval was announced on Wednesday alongside the launch of a new Country Partnership Framework for Nigeria, spanning 2026 to 2032.
The global financial institution noted that the newly endorsed strategy aims to guide its support over the next six years, primarily focusing on creating higher-quality jobs.
This came on the heels of criticism that trailed reports that the Federal Government was seeking the facility to finance economic reforms, with many Nigerians arguing that previous borrowing had yet to translate into tangible improvements ...