Nigeria TV Info 
World Bank to Consider Nigeria’s Fresh $1 Billion Loan Request Amid Fiscal Pressures

The World Bank has confirmed it is reviewing a fresh $1 billion loan request from the Federal Government of Nigeria to support budget financing and economic reforms. According to reliable sources in Abuja and Washington, the loan is intended to strengthen Nigeria’s fiscal position, stabilise the naira, and fund key social intervention programmes under the government’s economic recovery plan.

The proposed facility, if approved, will form part of the bank’s Development Policy Operation (DPO) package, which supports policy and institutional reforms. Nigeria’s Ministry of Finance is reportedly finalising documentation and reform commitments to meet the World Bank’s disbursement requirements.

Officials say the government aims to use the funds to cushion the effects of subsidy removal, enhance power sector reforms, and improve fiscal transparency. However, critics have warned that Nigeria’s rising debt profile — which exceeded ₦97 trillion by mid-2025 — could further strain public finances if not managed prudently.

The World Bank’s board is expected to make a decision on the request before the end of the year, following assessments of Nigeria’s economic outlook and reform implementation progress.