Nigeria has received a major development lift as the World Bank Nigeria portfolio $16bn milestone is confirmed across ongoing projects in education, health, energy, infrastructure, and social protection.
The update came as World Bank Managing Director of Operations, Anna Bjerde, began a three-day visit to Nigeria focused on accelerating growth and job creation. In Lagos, Governor Babajide Sanwo-Olu reaffirmed the state’s readiness to deepen partnerships in energy, agriculture, tourism, and human capital development.
Sanwo-Olu highlighted Lagos’ progress under the THEMES+ agenda, noting improved infrastructure and the state’s rise to first place in Nigeria’s Ease of Doing Business ranking. Bjerde praised policy stability and reforms, saying they boost investor confidence and position Lagos as a strong subnational partner.
The World Bank also confirmed plans for a five-year country review and expanded private-sector-led financing. Key initiatives include renewable energy expansion, power sector reforms, digital connectivity, and MSME support. With IFC investments above $1.2bn, Nigeria remains central to global development priorities.
#WorldBankNigeria #NigeriaDevelopment #LagosEconomy #EnergyAccess #JobCreation #Infrastructure
