….framework targets private investment, infrastructure expansion
The World Bank has approved $1.25 billion in fresh financing for Nigeria and unveiled a new six-year country strategy aimed at accelerating private sector-led growth, expanding infrastructure, and creating jobs, as the country seeks to consolidate economic reforms and tackle persistent poverty.
The financing, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing operation, forms part of the World Bank’s new Country Partnership Framework (CPF) for Nigeria covering 2026 to 2032.
The framework is designed to support the government’s efforts to translate recent macroeconomic gains into sustained economic growth, employment, and improved living standards.
The new strategy comes as Nigeria pursues reforms intended to stabilise the economy, improve public finances, and attract private investment following years of sluggish growth, high inflation, and foreign exchange challenges.
