JUST IN: Nigeria Seeks Fresh 1.75 Billion World Bank Loan Amid Revenue Surge
Sele Media Africa | Reported by Suzan Daniel
The Federal Government of Nigeria is pursuing a new1.75 billion loan from the World Bank to finance critical development projects, despite a reported 40.5% increase in national revenue during the first eight months of 2025 [1] .
According to reports, the proposed loan aims to support key sectors including agriculture, healthcare, and digital infrastructure [2] . Notably, the Nigeria Sustainable Agricultural Value-Chains for Growth project is set to receive $500 million from this funding, focusing on enhancing agricultural productivity and integrating value chains to bolster rural development [2] .
This move comes amid discussions about Nigeria’s increasing reliance on external borrowing, even as the nation experiences significant revenue growth [3] . The government maintains that such loans are essential for sustaining economic reforms and addressing infrastructure deficits.
The World Bank is expected to approve the loan before the end of the year, with the agricultural project currently in the Concept Review phase and anticipated approval on December 11, 2025 [2] .
As Nigeria continues to navigate its economic challenges, the balance between leveraging external funding and managing national debt remains a critical point of focus for policymakers and stakeholders alike.
Citations:
1. Punch Newspapers: punchng.com/fg-seeks-fresh-1-75bn-world-bank-loan/?utm_source=chatgpt.com
2. APAnews – Agence de Presse Africaine: apanews.net/nigeria-seeks-fresh-1-75bn-world-bank-loan-report/?utm_source=chatgpt.com
3. The Traffic NG: thetraffic.ng/news/info/FG-Eyes-Fresh–1-75bn-World-Bank-Loan-Despite-40–Revenue-Surge?utm_source=chatgpt.com
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