World Bank aims to mobilize 5.79 billion dollars for Nigeria

The World Bank Group plans to assist in attracting up to 5.79 billion dollars in private investment to Nigeria during 2026. PM News Nigeria, Punch Newspapers, TVC News, and TheCable all reported the target figure, while Peoples Gazette Nigeria stated that the bank is mobilizing 6 billion dollars. PM News Nigeria and Peoples Gazette Nigeria both reported that one major programme under this initiative is projected to support about 850,000 direct and indirect jobs. [1][4][5][7][8]

According to PM News Nigeria, the funding will target key sectors such as digital infrastructure, agriculture, telecommunications, and small businesses. Peoples Gazette Nigeria also confirmed that the funding targets agriculture, micro, small, and medium enterprises, and employment generation. PM News Nigeria added that the initiative combines financial support, business investments, and economic reforms to draw private investors. [1][7]

Specific project details provided by PM News Nigeria include the Broadband Infrastructure Development Project, which aims to give an additional 58 million Nigerians access to affordable internet by 2030. In addition, the World Bank approved a 500 million dollar financing package in December 2025 for the FINCLUDE programme to increase credit access. [1]

Separately, CNBC Tech reported that International Monetary Fund Managing Director Kristalina Georgieva warned that artificial intelligence is impacting the global labor market like a slow moving tsunami, leaving young workers entering the job market particularly exposed. Meanwhile, Morocco World News reported that Morocco has mobilized over 70 million dollars in private capital for startups through World Bank initiatives. [2][3]