The Federal Government is currently in advanced discussions with the World Bank over a proposed $1.25 billion loan aimed at supporting economic reforms, job creation, and investment growth, according to a document obtained by Leading Reporters.
The document, titled Nigeria Actions for Investment and Jobs Acceleration, revealed that negotiations for the facility have reached a critical stage ahead of its expected presentation for approval on June 26, 2026.
According to the report, the loan has moved beyond the initial concept and appraisal phases, indicating significant progress in the approval process.
If approved, the facility would rank as Nigeria’s second-largest World Bank loan after the $1.5 billion Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing approved in June 2024.
The document identified the Federal Republic of Nigeria as the borrower, while the Federal Ministry of Finance is expected to serve as the implementing agency for the programme.
