World Bank Targets $5.79bn in Private Financing for Nigeria in 2026

The World Bank Group says it is working to mobilise up to $5.79 billion in private financing for Nigeria in fiscal year 2026, targeting sectors including digital infrastructure, agriculture and small-business development.

The financing target is intended to encourage private investment in the Nigerian economy through a combination of investment programmes, policy reforms, commercial funding and financial guarantees.

One of the major initiatives is expected to attract nearly $1.89 billion in private financing for micro, small and medium-sized enterprises (MSMEs). The programme is also projected to support about 850,000 direct and indirect jobs.

Small businesses are an important part of Nigeria’s economy, providing employment and supporting commercial activity across different sectors. Access to financing remains a key issue for businesses seeking to expand their operations, acquire equipment and employ more workers.

Another initiative under the strategy aims to expand broadband access to millions of Nigerians through a nationwide fibre-optic network. Improved connectivity could support digital services, business operations and access to online opportunities, particularly in areas with limited infrastructure.

The World Bank Group’s approach combines different financing mechanisms to attract investors rather than relying solely on direct public-sector funding. Guarantees and policy reforms can help address some of the risks that discourage private investment, while commercial funding can support projects with the potential to generate returns.

However, the $5.79 billion figure represents a private-financing mobilisation target, not a single loan or cash grant to the Federal Government. The amount targeted should also be distinguished from funds already committed, disbursed or invested in individual projects.

The central question is how much of the proposed financing will translate into measurable benefits for Nigerians. Progress will depend on whether businesses gain access to funding, projected jobs materialise and infrastructure reaches communities that remain underserved.

For Nigeria, the outcome could have implications for business growth, digital inclusion and investment across key sectors. Transparent reporting on disbursements, project delivery and employment outcomes will be important in assessing the programme’s impact.