The World Bank has set December 16 as the tentative date to review Nigeria’s request for a $1 billion Development Policy Financing (DPF) loan under the “Nigeria Actions for Investment and Jobs Acceleration (P512892)” initiative.
The proposed facility aims to support key economic reforms, create jobs, and attract private investment to boost Nigeria’s long-term growth.
According to project details, the $1 billion package comprises a $500 million International Development Association (IDA) credit and a $500 million International Bank for Reconstruction and Development (IBRD) loan. The programme will be coordinated through the Federal Ministry of Finance.
Structured around two main pillars, unlocking private sector growth and reducing the cost of doing business, the initiative would focus on expanding access to credit, promoting digital inclusion, developing capital markets, easing inflation, encouraging export diversification, and strengthening the agricultural sector.
The World Bank-supported reforms would also back key policy frameworks such as the Investment and Securities Act 2025, the National Digital Economy and E-Governance Bill 2025, and Central Bank of Nigeria (CBN) regulations for microfinance and non-bank financial institutions.
Additional measures include simplifying trade barriers, adopting AfCFTA concessions, and improving seed systems to enhance productivity and food security.
The DPF loan would form part of a broader FY2026 support package, which includes the FINCLUDE(MSME financing), BRIDGE (digital infrastructure), and AGROW (agriculture value chain growth) programmes.
The World Bank remains Nigeria’s largest external creditor, holding $19.39 billion of the country’s $46.98 billion total external debt, thereby, underscoring its significant role in driving Nigeria’s economic development agenda.
