World Bank loans to Nigeria between 2023 and 2025 are projected to reach $9.65bn by the end of 2025, driven by fresh approvals, ongoing negotiations, and accelerated disbursements across key sectors of the economy.
An analysis of data from the World Bank’s website shows that the funding consists solely of loans from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). When grants are added, Nigeria’s total World Bank support within the three-year window rises slightly to about $9.77bn.
The IBRD provides loans on commercial or near-commercial terms to middle-income and creditworthy low-income countries, while the IDA offers highly concessional loans and grants to the world’s poorest nations, including Nigeria.
The figures reflect a steady build-up of financial commitments, as the Federal Government pushes ahead with programmes in digital infrastructure, social protection, power, education, and healthcare. Government officials have continued to defend the borrowings, emphasising their concessional nature and long-term development benefits.
Nigeria is also expected to secure an additional $500m facility on December 19, 2025, under the Fostering Inclusive Finance for MSMEs in Nigeria project. The operation is currently being prepared for Board consideration and will be implemented through the Development Bank of Nigeria.
With multilateral funding playing an increasing role in Nigeria’s fiscal strategy, analysts say the rising loan volume underscores both the country’s development ambitions and the growing pressure on public debt sustainability.
