The World Bank has targeted connecting 32 million Nigerians to electricity and providing 58 million more people with access to broadband internet under its new Country Partnership Framework for Nigeria covering 2026 to 2032.
The framework also targets 9.5 million farmers to benefit from activities designed to improve agricultural production, value addition and market linkages, while the World Bank Group plans to mobilise $4.1bn in private capital for infrastructure and agribusiness.
The Acting Country Director, World Bank, Taimur Samad, presented the CPF on Wednesday in Lagos during the Industrialisation & Competitiveness Forum organised by the Nigerian Economic Summit Group.
The new framework seeks to create more and better private-sector jobs by improving the environment for competitiveness and growth, unlocking a more productive and healthier population, building resilience of people and ecosystems, and maximising private capital for infrastructure and agribusiness.
The World Bank said the CPF will focus on job creation, private-sector-led growth and the mobilisation of private capital, with programmes covering distributed renewable energy, broadband infrastructure, access to finance for micro, small and medium enterprises and agribusiness.
