FG in Talks With World Bank for $1.25bn Loan Ahead of 2027 Election
The Federal Government is negotiating a fresh $1.25 billion facility with the World Bank to accelerate economic reforms, boost job creation and enhance competitiveness. Known as the Nigeria Actions for Investment and Jobs Acceleration, the loan is now at the decision meeting stage of the Bank’s approval cycle. It is slated for Board consideration by late June 2026, just ahead of the 2027 election. At N1,361.4/$, the new loan would add about N1.70 trillion to Nigeria’s external debt, lifting it from N74.43 trillion to N76.13 trillion and raising public debt to N160.98 trillion. If approved, total World Bank funding under the current administration would reach roughly $10.6 billion. The Accountant-General has warned that persistent delays in disbursement may prompt Nigeria to reject future loans. Economists urge careful revenue planning and project selection to ensure debt sustainability and guard against exchange-rate pressures.
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