World Bank Mobilises $5.79 Billion to Boost Nigeria’s Business Expansion
World Bank Group to mobilise about $5.79 billion in private financing for Nigeria’s agriculture, small business and digital sectors
In Brief
- •World Bank Group to mobilise about $5.79 billion in private financing for Nigeria’s agriculture, small business and digital sectors
- •Funding targets farmers securing quality seed, small businesses seeking affordable credit, and students needing digital classroom access
- •Project BRIDGE will deploy 90,000 km of fibre‑optic infrastructure nationwide
- •First investor‑selection round expected to attract $156 million in private equity, with potential to unlock up to $1.1 billion by 2030
- •President Tinubu highlighted 65 bankable projects seeking $78.5 billion in investment
Why It Matters
The financing package represents a significant private‑sector investment push aimed at accelerating Nigeria’s economic transformation. By targeting critical sectors—agriculture, small business, and digital connectivity—the initiative seeks to create jobs, improve productivity, and broaden access to markets. The partnership also signals confidence from international institutions in Nigeria’s reform agenda, potentially attracting further foreign investment and strengthening the country’s financial ecosystem.
Key Details
- Total Financing Target
- $5.79 billion
- Private Equity in First Round
- $156 million
- Potential Private Investment by 2030
- $1.1 billion
- Fibre‑Optic Network Length
- 90,000 km
- Bankable Projects Pipeline
- 65
- Investment Sought for Projects
- $78.5 billion
Original Reporting & Sources
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