BREAKING NEWS: World Bank to Approve $750 Million Loans for Nigeria on Tuesday, September 30, 2025


 The World Bank is set to approve two major loan packages totaling $750 million for Nigeria on Tuesday, September 30, 2025, in what officials describe as a crucial intervention to support Africa’s largest economy amid mounting fiscal pressures.


According to reports, the loans will be split into two categories: one aimed at strengthening Nigeria’s economic stabilization and fiscal reforms, and the other focused on social programs designed to cushion the impact of rising living costs on vulnerable citizens.


Nigeria has been battling with sluggish economic growth, rising inflation (currently above 28%), dwindling foreign reserves, and a weakening Naira, ranked among Africa’s weakest currencies this September. The World Bank loans are expected to provide temporary relief by shoring up the government’s finances and enabling reforms in key sectors such as agriculture, energy, and education.


A senior finance ministry source confirmed that negotiations have reached their final stage and emphasized that the funds would be tied to measurable reforms.


“This facility is not just about funding, but about supporting Nigeria’s ongoing economic stabilization agenda. It comes with conditions to ensure accountability and long-term impact,” the source said.


While some economists have welcomed the development as a necessary lifeline, critics warn that Nigeria’s mounting debt profile — which has crossed ₦121 trillion ($82 billion) in 2025 — could worsen if borrowing continues without effective fiscal discipline.


Civil society groups are also urging transparency in the disbursement of the loans, insisting that funds must directly address poverty alleviation, infrastructure, and job creation rather than disappear into recurrent expenditure.


The approval on Tuesday will mark one of the largest single-year loan facilities Nigeria has received from the World Bank in recent years, reflecting both the scale of the country’s economic challenges and the urgent need for reforms.


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