The World Bank Group has approved a new Country Partnership Framework (CPF) 2026-2032 for Nigeria, with an initial financing of $1.25 billion to support the country’s economic priorities.
This six-year roadmap aims to support reforms initiated by the Nigerian authorities to promote private sector-led growth, accelerate job creation, and improve access to essential services.
The program includes supporting reforms to develop capital markets, modernize the digital regulatory framework, expand access to electricity, facilitate regional trade, improve agricultural productivity, and strengthen public revenues.
According to the World Bank, the goal is to remove key obstacles to private investment to support sustainable growth and strengthen the resilience of the Nigerian economy.
The partnership framework sets several goals by 2032, including access to electricity for 32 million people, broadband for 58 million, as well as improving health and nutrition services for 40 million beneficiaries. The program also includes support for 9.5 million farmers to increase sector productivity.
This initiative builds on the economic reforms already underway in Nigeria.
