By Yinka Kolawole, with agency report
The World Bank has approved a fresh $1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation.
The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country Partnership Framework (CPF) for Nigeria covering the period from 2026 to 2032.
Announcing the approval on Wednesday, the World Bank said the financing would support reforms aimed at removing barriers to private sector investment, improving competitiveness and laying the foundation for faster and more inclusive economic growth.
According to the bank, the programme will support reforms in capital markets, digital economy regulation, power sector expansion, trade liberalisation under the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA), agricultural input systems and domestic revenue mobilisation.
