🇳🇬 Nigeria Seeks Fresh $1.5 Billion World Bank Loan

Nigeria is seeking a fresh $1.5 billion loan from the World Bank, according to a new government disclosure reported by allAfrica on September 29, 2026. The planned borrowing comes as authorities continue to rely on multilateral financing to support public spending and economic reforms.

Nigeria has secured multiple World Bank loans in recent years amid fiscal pressures, subsidy reforms and foreign exchange adjustments. The latest request adds to scrutiny over the country’s rising debt obligations and external financing needs.

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🔸 Source

@africaintel