The World Bank Group has approved a new 2026–2032 Country Partnership Framework (CPF) for Nigeria, alongside a $1.25 billion financing package aimed at accelerating job creation through private sector-led growth. According to the World Bank and Reuters, the new strategy will support reforms designed to attract investment, expand access to energy, digital infrastructure, and agricultural services, while helping translate recent macroeconomic gains into broader improvements in living standards.
The financing will support the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing programme, which focuses on deepening capital markets, modernising digital regulations, expanding electrification, improving regional trade, strengthening agricultural productivity, and boosting domestic revenue mobilisation. The World Bank said the six-year framework targets electricity access for 32 million people, broadband connectivity for 58 million, improved health and nutrition services for 40 million, and enhanced agricultural support for 9.5 million farmers.
World Bank Country Director for Nigeria, Mathew Verghis, said recent macroeconomic reforms have strengthened economic growth, increased government revenues, and improved foreign exchange reserves, but noted that unlocking greater private investment remains essential to creating high-quality jobs and reducing poverty. The institution added that policy reforms, investment guarantees, and measures to address structural bottlenecks will be critical to sustaining long-term economic resilience and inclusive growth.
For Nigeria, the new partnership signals continued international confidence in the country’s reform agenda despite ongoing economic challenges. Analysts say the World Bank’s support could help improve the business environment, stimulate private capital inflows, and strengthen productivity across key sectors, positioning Africa’s largest economy for more inclusive and sustainable growth over the next six years.
