The World Bank has approved $750m in new loans for Nigeria, according to documents released Tuesday, September 30, 2025. The funds are targeted at boosting digital infrastructure and strengthening health security.
The package includes $500m for the Building Resilient Digital Infrastructure for Growth in Nigeria (BRIDGE) project and $250m for Phase II of the Health Security Programme in Western and Central Africa, Nigeria.
Led by the Ministry of Communications, Innovation and Digital Economy, BRIDGE seeks to extend broadband to underserved areas through a $1.6bn initiative financed by concessional credit and private capital.
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Minister Bosun Tijani described it as Nigeria’s “most ambitious digital project,” aimed at expanding fibre-optic coverage from 35,000 to 125,000 kilometres, with seven national rings, city loops, regional networks, and data centres.
The $250m health facility, managed by the Nigeria Centre for Disease Control and the Finance Ministry, will improve the country’s ability to prevent and respond to pandemics, while strengthening regional surveillance.
Nigeria has received $8.4bn in new World Bank loans between June 2023 and August 2025, covering 15 projects across health, education, energy, and rural development.
Experts remain divided on the implications. Economist Adewale Abimbola argued that concessional loans tied to revenue-generating projects are “smart moves.” However, Dr. Aliyu Ilias of CSA Advisory warned Nigeria’s rising debt (now about N149tn) was “unsustainable,” questioning why borrowing persists despite higher revenues.
Figures show Nigeria owes the World Bank $18.23bn, representing 40% of its external debt.
