FG Seeks Fresh $1.75bn World Bank Loan to Address Infrastructure Gaps
[NigerianEye - Nigeria] - 5/09/2025
The Federal Government of Nigeria has announced plans to secure a $1.75 billion loan from the World Bank to bridge funding gaps in critical infrastructure development, despite a significant revenue increase in 2025. According to a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, Nigeria’s revenue from January to August 2025 reached ₦20.59 trillion, a 40.5% rise compared to ₦14.6 trillion in the same period of 2024, with non-oil revenue accounting for 75% of the total. The loan, expected to be approved before the end of 2025, aims to bolster key (…)
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