The World Bank is set to approve a $750 million loan package for Nigeria on September 30, 2025.
The funding will support two major initiatives aimed at expanding digital infrastructure and strengthening health security in underserved regions.
$500 Million to Expand Digital Infrastructure
Out of the total loan, $500 million will finance the Building Resilient Digital Infrastructure for Growth (BRIDGE) project under Nigeria’s Ministry of Communications.
This $1.6 billion programme aims to bring broadband access to rural communities by increasing Nigeria’s fibre-optic network from 35,000 km to 125,000 km.
Plans include seven regional fibre rings and 37 city loops to boost nationwide connectivity.
The World Bank’s International Development Association (IDA) will provide part of the financing, while private investors cover the balance.
$250 Million to Strengthen Health Security
Another $250 million is allocated to the Health Security Program Phase II, managed by the Nigeria Centre for Disease Control and Prevention (NCDC).
The programme will enhance pandemic preparedness and improve regional response capacity, building on lessons from past outbreaks such as COVID-19.
Government’s Vision for Growth
Minister of Communications Bosun Tijani described BRIDGE as “a landmark project” that will build one of the largest digital networks in the developing world and improve access to technology for all Nigerians.
A Special Purpose Vehicle owned 51% by the government and 49% by the private sector will manage the project.
Additional funding is expected from the African Development Bank ($200 million) and other international partners.
Nigeria’s Rising Debt Profile
According to the Debt Management Office (DMO), Nigeria’s debt to the World Bank rose to $18.23 billion by March 2025 from $17.81 billion in 2024, making up 39.7% of the country’s $45.98 billion external debt.
Economist Adewale Abimbola welcomed the loans but stressed they must be tied to revenue-generating projects with strict accountability. Analyst Aliyu Ilias warned that Nigeria’s overall debt, nearing ₦149 trillion, could limit funding for essential public services.
Outlook for 2025 and Beyond
If effectively managed, the World Bank loans could transform Nigeria’s digital backbone and strengthen its health systems.
However, experts caution that rising debt levels remain a major challenge and must be carefully monitored to ensure sustainable growth.
