The World Bank has approved new loans totaling $632 million to support key sectors in Nigeria, including nutrition and basic education, despite growing concerns over the country’s rising debt.
According to the bank’s website, the loans include $80 million for the Accelerating Nutrition Results in Nigeria 2.0 project and $552 million for the HOPE for Quality Basic Education for All program. Both were officially approved on Monday as part of the World Bank’s broader strategy to aid Nigeria’s development in healthcare, education, and community resilience.
The funding aims to enhance nutrition outcomes and improve access to quality education for Nigerian children.
This follows the World Bank’s approval of a separate $500 million loan on March 28, 2025, for the Community Action for Resilience and Economic Stimulus Programme, which seeks to strengthen livelihoods, food security, and financial support for vulnerable households and businesses.
