World Bank approves new $1.25bn loan for Nigeria to create jobs, investments opportunities
Lagos, July 2026 -The World Bank has approved additional $1.25 billion loan for Nigeria Actions for Investment and Jobs Acceleration programme.
The World Bank disclosed this in a statement on Wednesday.
It said it had approved the Nigeria Actions for Investment and Jobs Acceleration Development Policy Financing operation to support the country’s transition toward a more inclusive growth model that spurs growth and creates jobs.
The World Bank also announced the launch of a new Country Partnership Framework for Nigeria for 2026 to 2032.
It said the new Country Partnership Framework for Nigeria is to set out a strategy to create more and better jobs at scale by unlocking private sector-led growth.
“The World Bank Group has endorsed a new Country Partnership Framework for Nigeria spanning 2026–2032, setting out a strategy to create more and better jobs at scale by unlocking private sector-led growth,” the bank said,
Mathew Verghis, the World Bank Country Director for Nigeria, said the “new Country Partnership Framework provides the strategy for how the World Bank Group will support Nigeria over the coming years, with a strong focus on helping to create more and better jobs, particularly by enabling private sector-led growth.
“The recent macroeconomic gains have been critical to help stabilize the economy. Translating improved macroeconomic conditions into better living standards will require addressing the structural constraints to spur private sector investment and job creation.”
