The World Bank Group has unveiled a bold new Country Partnership Framework (CPF) for Nigeria covering the 2026–2032 period, marking a significant step toward accelerating private sector-led growth, strengthening economic resilience, and creating sustainable employment opportunities across the country. Alongside the framework, the institution approved a $1.25 billion Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing initiative, reinforcing its commitment to supporting reforms that improve competitiveness, attract investment, and unlock inclusive economic growth. The new strategy builds on Nigeria’s recent macroeconomic reforms, which have contributed to stronger economic performance, higher government revenues, improved foreign exchange reserves, and renewed investor confidence.
At the heart of the new partnership is a vision to unlock greater private investment while expanding access to critical infrastructure and essential services that drive long-term development. Through the framework, the World Bank Group aims to help provide electricity access to 32 million Nigerians, extend broadband connectivity to 58 million people, improve healthcare and nutrition services for 40 million citizens, and support approximately 9.5 million farmers through initiatives designed to enhance agricultural productivity and food security. By prioritizing investments in digital infrastructure, energy systems, agriculture, and human capital development, the programme seeks to build a stronger foundation for economic transformation while creating millions of opportunities for businesses, entrepreneurs, and communities.
The approved $1.25 billion NAIJA Development Policy Financing package will support a broad range of structural reforms designed to strengthen Nigeria’s economic fundamentals and improve its investment climate. These reforms include deepening domestic capital markets, modernizing digital economy and e-governance regulations, advancing electricity sector reforms to accelerate nationwide electrification, lowering trade barriers in line with ECOWAS and AfCFTA commitments, improving farmers’ access to quality agricultural inputs, and strengthening domestic revenue mobilization. Collectively, these initiatives are expected to improve the ease of doing business, stimulate innovation, encourage enterprise growth, and position Nigeria as one of Africa’s leading investment destinations.
The partnership also expands the role of key World Bank Group institutions in mobilizing private capital and reducing investment risks. Through the Multilateral Investment Guarantee Agency (MIGA), guarantees and political risk insurance will be scaled up to encourage greater investment in strategic sectors such as infrastructure and financial services. At the same time, the International Finance Corporation (IFC) will work closely with businesses and investors to unlock private financing, expand infrastructure projects, and strengthen access to essential services. This coordinated approach demonstrates the World Bank Group’s commitment to combining policy reforms, investment financing, technical assistance, and private sector participation to deliver lasting economic impact across Nigeria.
As Nigeria continues implementing reforms aimed at building a more resilient and diversified economy, the new Country Partnership Framework represents a major milestone in supporting sustainable development and long-term prosperity. By placing the private sector at the center of economic growth, expanding access to infrastructure, strengthening digital transformation, improving agricultural productivity, and encouraging investment across critical sectors, the initiative has the potential to create more jobs, improve livelihoods, and accelerate inclusive growth for millions of Nigerians. If successfully implemented, the partnership could further strengthen Nigeria’s position as one of Africa’s largest economic engines while creating a stronger foundation for innovation, competitiveness, and shared prosperity across the continent.
