The World Bank recently announced the approval of a seven-year program with Africa’s most populous country, Nigeria, amounting to $1.25 billion in funding.
The new Country Partnership Framework (CPF), which will run from 2026 to 2032, is accompanied by the approval of a $1.25 billion Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing programme.
Together, the initiatives are designed to help Nigeria build a more inclusive economy by encouraging investment, strengthening key sectors, and expanding employment opportunities.
According to the World Bank, via the information relayed on its website, the framework builds on the country's previous economic reforms, which have resulted in greater growth, higher government revenues, bigger foreign reserves, and improved investor sentiment.
The initiative has been designed to assist in extending energy access to around 32 million Nigerians, enhance internet connectivity to 58 million people, and improve healthcare and nutrition services for an estimated 40 million inhabitants.
