The World Bank Group has approved a new six-year Country Partnership Framework (CPF) for Nigeria covering the period from 2026 to 2032, with a strong focus on boosting employment through private sector-driven economic growth.
As part of the initiative, the Bank also approved a $1.25 billion Development Policy Financing package under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme. The funding is aimed at supporting key government reforms in areas including capital markets, digital economy regulation, electricity sector development, trade liberalisation under ECOWAS and the African Continental Free Trade Area (AfCFTA), agricultural inputs, and domestic revenue mobilisation.
According to the World Bank, the new framework is expected to expand electricity access to 32 million Nigerians, provide broadband connectivity to 58 million people, improve health and nutrition services for 40 million citizens, and support 9.5 million farmers across the country.
World Bank Country Director for Nigeria, Mathew Verghis, said the initiative builds on recent improvements in Nigeria’s economy, including stronger economic growth, increased government revenue, and rising investor confidence.
He noted, however, that sustaining these gains and improving the living conditions of Nigerians will depend on addressing long-standing obstacles that limit private sector investment and economic expansion.
