The Federal Government of Nigeria has formally requested a new $1.25 billion loan from the World Bank, marking the second‑largest facility under President Bola Tinubu’s administration.

The loan, expected to be approved in June 2026, is part of the Nigeria Actions for Investment and Jobs Acceleration program. According to government officials, the funds will be directed toward:

• Expanding access to finance and digital services.
• Reforming electricity supply and infrastructure.
• Boosting agriculture productivity and trade competitiveness.
• Strengthening tax administration and revenue mobilization.
• Deepening Nigeria’s capital markets.

📊 Nigeria’s Debt Outlook

• Nigeria’s external debt stock is projected to rise from ₦74.43 trillion ($51.86 billion) at the end of 2025 to ₦76.13 trillion ($53.11 billion) after the loan.
• Total public debt is expected to increase from ₦159.28 trillion ($110.97 billion) to ₦160.98 trillion ($112.22 billion).
• Nigeria’s World Bank debt portfolio currently stands at $19.89 billion, accounting for 38.36% of external debt.