The World Bank Group has approved a new six-year Country Partnership Framework for Nigeria covering 2026 to 2032, aimed at scaling job creation through private sector-led growth.
Alongside the framework, the Bank also approved a $1.25 billion Development Policy Financing operation under the Nigeria Actions for Investment and Jobs Acceleration, NAIJA, programme.
The NAIJA financing will support government reforms in key areas including capital markets, digital economy regulation, power sector expansion, trade liberalisation under ECOWAS and AfCFTA, agricultural inputs, and domestic revenue collection.
According to the World Bank, the plan targets major service gaps: energy access for 32 million Nigerians, broadband connectivity for 58 million people, improved health and nutrition services for 40 million people, and support for 9.5 million farmers.
World Bank Nigeria Country Director, Mathew Verghis, said the framework builds on recent macroeconomic gains such as stronger growth, higher revenues, and improved investor confidence.
However, he stressed that translating those gains into better living standards will require tackling structural barriers that continue to limit private investment in the country.
