Nigeria’s world bank debt could reach $9.2 billion as FG considers six loans.

As the global financial organization continues to assist the nation’s structural and economic changes, the Federal Government is expected to obtain six additional loans from the World Bank in 2025, totaling $2.23 billion.

This will increase Nigeria’s total approved loans to $9.25 billion over three years, according to data from the World Bank’s official website. This shows a growing reliance on multilateral funding to support important economic sectors like infrastructure, healthcare, education, and economic resilience.

A review of World Bank loan approvals for Nigeria since 2023, during President Bola Tinubu’s administration, reveals a notable rise in financial pledges.

The World Bank authorized $2.7 billion in loans in 2023, mostly for initiatives in the fields of education, women’s empowerment, renewable energy, and power.