The World Bank Group has approved a new 2026–2032 Country Partnership Framework for Nigeria. Backed by $1.25 billion in financing, the framework aims to promote private sector-led growth, create jobs, and improve public services. The strategy seeks to build on recent economic reforms by expanding access to electricity, broadband, healthcare, nutrition, and agricultural support while encouraging greater private investment. Targets include providing electricity to 32 million people, broadband access to 58 million people, improved health and nutrition services for 40 million citizens, and assistance for 9.5 million farmers. The financing will also support reforms to strengthen capital markets, modernize digital regulations, improve regional trade, expand electrification, and boost domestic revenue generation. Officials believe these measures will strengthen economic resilience, reduce poverty, and sustain long-term growth.
Reuters