According to a document obtained by Channels Television, the Federal Government is in advanced talks with the World Bank for a fresh $1.25 billion loan facility aimed at supporting economic reforms, job creation, and competitiveness.
The proposed loan, titled Nigeria Actions for Investment and Jobs Acceleration, is expected to be presented for approval on June 26, 2026.
Channels Television reports that Nigeria’s external debt stood at $51.86bn as of December 2025, while total public debt has risen to $110.97bn.
