Nigeria has secured a fresh $1.3 billion financing package from the World Bank Group as part of a new seven-year partnership strategy designed to accelerate private-sector investment, create jobs and strengthen Africa’s largest economy.

The funding accompanies the lender’s 2026–2032 Country Partnership Framework for Nigeria, a long-term roadmap that places business expansion, infrastructure development and economic inclusion at the centre of growth strategy.

Private sector takes centre stage

The new framework reflects growing confidence in Nigeria’s recent economic reforms, which have contributed to stronger government revenues, improved foreign reserves and a more stable macroeconomic environment.

The World Bank said the next challenge is converting these gains into higher living standards by removing structural barriers that have constrained businesses and discouraged investment.

Priority reforms will focus on deepening Nigeria’s capital markets, modernising digital regulations and improving the ease of doing business to attract domestic and foreign investors.

Energy, broadband and agriculture receive major push

A significant portion of the programme will target infrastructure gaps that continue to limit productivity across sectors.

The initiative aims to expand electricity access to approximately 32 million Nigerians while broadband connectivity is expected to reach an additional 58 million people, supporting growth in the country’s fast-expanding digital economy.

In agriculture, about 9.5 million farmers are expected to benefit from improved access to farm inputs, modern production methods and stronger market connections aimed at boosting food production and exports.

The framework also seeks to improve healthcare and nutrition outcomes for roughly 40 million Nigerians, strengthening human capital development and workforce productivity

Investment-led growth strategy

The World Bank believes unlocking private capital will be critical to sustaining Nigeria’s economic momentum. Policy reforms, investment guarantees and measures designed to improve regional trade are expected to attract long-term investment while supporting resilience and poverty reduction.

For Nigeria, the package represents more than fresh financing; it signals renewed international confidence in the country’s ambition to position itself as one of Africa’s leading investment destinations.