The World Bank Group has unveiled a new six-year development framework targeting electricity access for 32 million Nigerians, broadband connectivity for an additional 58 million people and $4.1 billion in private capital for infrastructure and agribusiness by 2032.
The targets are contained in the World Bank’s Country Partnership Framework (CPF) for Nigeria covering 2026–2032, which focuses on private-sector-led growth, job creation, human capital development and economic resilience.
The framework was presented in Lagos on Wednesday by the World Bank’s Acting Country Director, Taimur Samad, at the Industrialisation and Competitiveness Forum organised by the Nigerian Economic Summit Group.
Under the strategy, 9.5 million farmers are expected to benefit from interventions designed to improve agricultural production, value addition and market access.
The World Bank will also prioritise distributed renewable energy, digital infrastructure, MSME financing and sustainable agricultural value chains.
Its competitiveness agenda targets a 30 per cent increase in Nigeria’s non-oil revenue-to-GDP ratio, $6 billion in private capital enabled through its interventions and improved access to financial services for an additional 250,000 SMEs.
The framework also targets 40 million beneficiaries of improved health and nutrition services, 19.4 million students receiving better education, an eight-percentage-point reduction in childhood stunting and an additional 41 million beneficiaries of social safety-net programmes.
Major planned investments include a $750 million World Bank programme and a $200 million IFC facility for distributed renewable energy, alongside $500 million for resilient digital infrastructure and another $500 million pipeline programme for sustainable agricultural value chains.
The World Bank said the new framework would concentrate resources on fewer interventions capable of delivering measurable results at scale, while strengthening collaboration among the World Bank, IFC and MIGA.
It will also maintain engagement with state governments, with continued emphasis on climate resilience, gender inclusion and support for conflict-affected communities.
The six-year strategy positions private investment, infrastructure development and human-capital growth as key drivers of Nigeria’s economic transformation.
