nigeria #worldbank #nigeriadebt #infrastructure #vntv

FG SEEKS FRESH $500M WORLD BANK LOAN DAYS BEFORE 2027 GENERAL ELECTION

Nigeria is seeking a fresh $500 million World Bank financing package for the proposed INFRAGROW infrastructure platform, with an estimated board approval date of May 25, 2027 — four days before the next presidential inauguration. The facility would combine $400 million from IBRD and $100 million from IDA and form part of a wider $3.85 billion structure involving government equity, private investors, commercial debt and $2.35 billion in guarantees. The loan has not yet been approved, and the timetable remains subject to change.