Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program.
The approval, which was confirmed on March 28, 2025, is expected to provide critical relief to vulnerable households and small businesses grappling with inflation, food insecurity, and economic instability.
The initiative is said to be focused mainly on grassroots-level interventions, and is also targeted at strengthening community resilience by delivering targeted grants and livelihood support to low-income families and firms. It also seeks to improve food security and create economic opportunities for populations most affected by recent economic disruptions.
According to the World Bank, the program represents a significant step toward addressing systemic vulnerabilities in Nigeria’s economy. By channeling resources directly to underserved communities, the project should alleviate the burden of rising living costs while fostering sustainable growth.
The 500 million loan is not the only financial commitment Nigeria anticipates this week as two additional funding packages are in the pipeline, awaiting final approval.
