{"id":116966,"date":"2025-03-31T07:10:39","date_gmt":"2025-03-31T06:10:39","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=116966"},"modified":"2025-03-31T07:10:39","modified_gmt":"2025-03-31T06:10:39","slug":"world-bank-approves-500m-loan-for-nigeria","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/","title":{"rendered":"World Bank approves $500m loan for Nigeria"},"content":{"rendered":"<div>&#8230;Set to receive additional $632m<\/div>\n<div><\/div>\n<div>Daniel Adaji, Abuja<\/div>\n<div><\/div>\n<div>The World Bank has approved a $500m loan facility for Nigeria to support the country\u2019s Community Action for Resilience and Economic Stimulus Programme, targeted\u00a0 at addressing economic challenges and providing financial relief to vulnerable populations.<\/div>\n<div><\/div>\n<div>According to information released by the bank on Sunday, the loan approval, finalized on March 28, 2025, will facilitate expanded access to livelihood support, food security initiatives, and grants for struggling households and small businesses.<\/div>\n<div><\/div>\n<div>The programme, officially named the Nigeria Community Action for Resilience and Economic Stimulus Programme, is designed to cushion the effects of economic downturns by strengthening community resilience and providing targeted assistance to those most affected by financial hardships.<\/div>\n<div><\/div>\n<div>A key focus of the initiative is improving food security and creating economic opportunities for communities hardest hit by inflation and the rising cost of living.<\/div>\n<div><\/div>\n<div>Beyond this latest approval, Nigeria is set to receive two additional loans amounting to $632m by March 31, 2025.<\/div>\n<div><\/div>\n<div>One of the loans, valued at $80m, will be directed toward improving nutrition outcomes, while the other, estimated at $552m, is earmarked for enhancing basic education quality across the country. Both loans are in the final negotiation stages and are expected to be approved in the coming days.<\/div>\n<div><\/div>\n<div>These financial commitments align with the World Bank\u2019s broader strategy to support Nigeria\u2019s development priorities, including critical sectors such as healthcare, education, and economic resilience.<\/div>\n<div><\/div>\n<div>Since the beginning of President Bola Tinubu\u2019s administration, Nigeria has secured 11 different loan agreements with the World Bank, amounting to approximately $7.45bn.<\/div>\n<div><\/div>\n<div>However, concerns have been raised over the pace of fund disbursement and project implementation. As of July 31, 2024, only $774.99m\u2014about 16 per cent of the previously approved $4.95bn\u2014had been disbursed, raising questions about the effective utilization of borrowed funds.<\/div>\n<div><\/div>\n<div>According to data from the Debt Management Office, the World Bank remains Nigeria\u2019s largest external creditor, with the country\u2019s total debt to the institution standing at $17.32bn.<\/div>\n<div><\/div>\n<div>The bulk of this\u2014$16.84bn\u2014comes from the International Development Association, which accounts for 39.14 per cent of Nigeria\u2019s total external debt, while the International Bank for Reconstruction and Development is owed $485.08m, representing 1.13 per cent.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>&#8230;Set to receive additional $632m Daniel Adaji, Abuja The World Bank has approved a $500m loan facility for Nigeria to support the country\u2019s Community Action for Resilience and Economic Stimulus&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":115862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-116966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank approves $500m loan for Nigeria - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank approves $500m loan for Nigeria - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"&#8230;Set to receive additional $632m Daniel Adaji, Abuja The World Bank has approved a $500m loan facility for Nigeria to support the country\u2019s Community Action for Resilience and Economic Stimulus&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-31T06:10:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"World Bank approves $500m loan for Nigeria\",\"datePublished\":\"2025-03-31T06:10:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\"},\"wordCount\":367,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\",\"name\":\"World Bank approves $500m loan for Nigeria - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg\",\"datePublished\":\"2025-03-31T06:10:39+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg\",\"width\":650,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World Bank approves $500m loan for Nigeria\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"World Bank approves $500m loan for Nigeria - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/","og_locale":"en_US","og_type":"article","og_title":"World Bank approves $500m loan for Nigeria - Pointblank News","og_description":"&#8230;Set to receive additional $632m Daniel Adaji, Abuja The World Bank has approved a $500m loan facility for Nigeria to support the country\u2019s Community Action for Resilience and Economic Stimulus&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/","og_site_name":"Pointblank News","article_published_time":"2025-03-31T06:10:39+00:00","og_image":[{"width":650,"height":350,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"World Bank approves $500m loan for Nigeria","datePublished":"2025-03-31T06:10:39+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/"},"wordCount":367,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/","name":"World Bank approves $500m loan for Nigeria - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg","datePublished":"2025-03-31T06:10:39+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/12\/World-Bank.jpg","width":650,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/world-bank-approves-500m-loan-for-nigeria\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"World Bank approves $500m loan for Nigeria"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/116966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=116966"}],"version-history":[{"count":1,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/116966\/revisions"}],"predecessor-version":[{"id":116967,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/116966\/revisions\/116967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/115862"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=116966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=116966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=116966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}