The World Bank has unveiled a new Country Partnership Framework (CPF) for Nigeria spanning 2026 to 2032, anchored by the immediate approval of a $1.25 billion development policy financing program titled Nigeria Actions for Investment and Jobs Acceleration (NAIJA). This structural intervention is designed to transition Nigeria’s recent macroeconomic gains—such as increased government revenues, stabilized foreign reserves, and improved investor sentiment—into sustainable, inclusive growth. The multi-year framework aims to significantly expand infrastructure and human capital, targeting energy grid access for 32 million citizens, broadband internet connectivity for 58 million people, and upgraded healthcare and nutrition services for 40 million inhabitants.
According to Mathew Verghis, World Bank Country Director for Nigeria, the strategy prioritizes lifting structural constraints to unlock private sector-led job creation. The $1.25 billion NAIJA DPF operation will back specific policy reforms aimed at lowering the cost of doing business, enhancing agricultural productivity, and bolstering domestic market competitiveness. World Bank leadership emphasized that while recent fiscal adjustments have successfully stabilized the broader economy, long-term success will rely entirely on the government’s ability to eliminate systemic bottlenecks that hinder private capital deployment and suppress real wage growth across the country.
