Nigeria World Bank loan 2025
Nigeria Seeks Additional $65 Million Procurement Loan from World Bank
To reinforce its procurement reform agenda and environmental compliance capacity, the Federal Government of Nigeria is in advanced negotiations with the World Bank for an additional $65 million loan. The funding, if approved, will augment the existing $80 million committed to the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) Project, raising the total financing […]
Nigeria Secures Additional $215m World Bank Loan for Palliatives
In a strategic push to cushion economic hardship triggered by subsidy removal and inflation, Nigeria has secured an additional $215 million from the World Bank under the $800 million National Social Safety Net Programme-Scale Up (NASSP-SU). This latest disbursement brings the total funds released to Nigeria so far to $530 million, according to data obtained […]