The World Bank is poised to approve $750 million in loans for Nigeria on September 30, 2025.
The funds will support two projects: $500 million for digital infrastructure and $250 million for health security, targeting underserved regions.
Digital Infrastructure Boost
The Building Resilient Digital Infrastructure for Growth (BRIDGE) project, led by Nigeria’s Communications Ministry, aims to expand broadband access in rural areas.
Costing $1.6 billion, it includes $500 million from the World Bank’s IDA, with private investors covering the rest.
The initiative plans to grow Nigeria’s fibre network from 35,000 to 125,000 kilometers, creating seven regional fibre rings and 37 city loops.
Health Security Program
The $250 million Health Security Program Phase II, managed by Nigeria’s Centre for Disease Control and Prevention, strengthens regional health systems.
It focuses on improving pandemic preparedness and response, drawing lessons from past crises like COVID-19.
Minister’s Vision
Communications Minister Bosun Tijani called BRIDGE a historic step. “We’re building one of the largest digital backbones in the developing world,” he said, highlighting its role in digital inclusion.
Funding Details
A Special Purpose Vehicle, with 51% government and 49% private ownership, will manage BRIDGE.
Additional funds come from the African Development Bank ($200 million) and other global investors. The health loan aligns with West and Central Africa’s regional efforts.
Debt Concerns
Nigeria’s World Bank debt hit $18.23 billion by March 2025, up from $17.81 billion in 2024, per the Debt Management Office.
The Bank accounts for 39.7% of Nigeria’s $45.98 billion external debt. Economist Adewale Abimbola supports the loans if tied to revenue-generating projects but stresses accountability.
Analyst Aliyu Ilias warns that Nigeria’s debt, nearing N149 trillion, risks crowding out public services.
Looking Ahead
The loans aim to drive digital and health advancements, but rising debt sparks debate. Effective use of funds will be key to Nigeria’s growth in 2025.
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