The loan was signed under the Accelerating Resource Mobilisation Reforms (ARMOR) Program-for-Results for Nigeria.
The Bola Tinubu administration signed an agreement with the World Bank for a $750 million loan, following the Bank’s approval on June 14, 2024, five days before the final disbursement deal was concluded with the Nigerian government.
The loan was signed under the Accelerating Resource Mobilisation Reforms (ARMOR) Program-for-Results for Nigeria.
As of the time of filing this report, the Nigerian government had already accessed $280.551 million of the approved loan.
Program documents reviewed by SaharaReporters show that by the end of 2026, a total of $343 million is expected to have been disbursed. By 2028, the entire $750 million loan is expected to have been released to Nigeria.
