The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, marking another significant financial intervention aimed at supporting economic reforms and accelerating job creation.
The funding is expected to strengthen ongoing efforts to improve the country’s investment climate, stimulate private sector growth, and enhance employment opportunities as Nigeria continues to implement key economic reforms.
The approval comes amid mounting pressure on Africa’s largest economy to tackle unemployment, attract greater investment, and drive sustainable economic growth.
