The Federal Government is seeking a $500 million loan from the World Bank to establish a financing platform designed to attract private investment into Nigeria’s infrastructure sector.
The proposed facility is expected to be considered for approval on May 25, 2027, just four days before the scheduled inauguration of a new president on May 29.
Details contained in the World Bank’s Initial Project Information Document show that the proposed loan is part of a broader $3.85 billion initiative known as the Nigeria Infrastructure Financing and De-Risking Platform for Growth and Jobs, also called INFRAGROW.
The document, updated on November 4, 2026, identifies the Federal Ministry of Finance as the borrower and the Nigeria Sovereign Investment Authority as the implementing agency.
Although the World Bank has scheduled a technical design review for January 21, 2027, the proposed financing has not received approval, and the timeline remains subject to change.
The World Bank estimates that Nigeria faces an annual infrastructure financing deficit of about $100 billion, identifying the shortfall as a major obstacle to economic growth, job creation and competitiveness.
Under the proposed arrangement, the World Bank’s $500 million contribution would comprise $400 million from the International Bank for Reconstruction and Development and $100 million from the International Development Association.
The wider financing structure is expected to mobilise $3.85 billion from government institutions, private investors, commercial lenders and international financial institutions.
The Nigeria Sovereign Investment Authority is projected to contribute $200 million in equity, while private investors are expected to provide another $200 million. Commercial debt financing is estimated at $600 million.
The arrangement also includes $2.35 billion in guarantees, comprising $100 million from the International Development Association and $2.25 billion from other international financial institutions. The guarantees are intended to reduce inve
