The proposed facility, named “Nigeria Actions for Investment and Jobs Acceleration,” is expected to be presented for approval on June 26, 2026.
The World Bank has restricted comments on its Instagram page following a barrage of reactions from Nigerians opposing plans by President Bola Tinubu’s government to secure a fresh $1.25billion loan facility.
The move came after Nigerians flooded the World Bank’s social media platforms with messages urging the institution to halt further lending to Nigeria over fears of rising debt and worsening economic hardship in the country.
Report had claimed that the Nigerian Government is currently in advanced talks with the World Bank over a proposed loan facility aimed at funding economic reforms, electricity expansion, digital infrastructure, agriculture and job-creation programmes.
The proposed facility, named “Nigeria Actions for Investment and Jobs Acceleration,” is expected to be presented for approval on June 26, 2026.
