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Abuja, FCT – By Prime Brief Media

The Federal Government is in the final stages of negotiation with the World Bank for a $1.25 billion loan facility, multiple government sources have confirmed. The loan, if approved, will be Nigeria's second-largest single multilateral package in recent years.

The facility is expected to be tabled for approval at the World Bank Board meeting on June 26, 2026. According to officials familiar with the talks, the loan is designed to support the Tinubu administration's economic reform agenda, with a focus on job creation, improving the business environment, and boosting competitiveness.

A finance ministry official, who requested anonymity, said the loan terms are concessional, with a low interest rate and a long repayment period. "This is not a commercial loan. It is tied to verifiable reforms that are already in our national development plan," the official said.

However, civil society groups have expressed concern over the country's growing debt burden. Nigeria's total public debt stood at N159.28 trillion as of December 2025, and debt servicing consumes a significant portion of government revenue. Critics argue the government should focus more on domestic revenue mobilisation.

The World Bank Country Office in Abuja declined to comment on the specific loan, stating that discussions with client countries are confidential until final approval.

Prime Brief Media will report on further economic indicators and official responses as they become available.

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