The World Bank said it has committed over $16 billion to Nigeria across 28 active projects. This financial commitment has been mostly through concessional financing from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD).
In a statement today, the Bank said these investments are targeted at helping Nigeria tackle its most pressing development priorities.
These include expanding access to essential services such as electricity, education, and healthcare, advancing gender inclusion and economic opportunities for women, and improving food security through enhanced agricultural productivity.
As part of efforts to deepen its partnership with Nigeria, the World Bank’s Regional Vice President for Western and Central Africa, Mr. Ousmane Diagana, is scheduled to visit the country from April 14 to 17, 2025.
Diagana’s visit will focus on advancing discussions around Nigeria’s economic recovery, job creation, and investments in human capital.
He is expected to hold a high-level meeting with Vice President Kashim Shettima at the Presidential Villa to examine the strategic relationship between Nigeria and the Bank, and to explore additional avenues for cooperation.
