President Tinubu Welcomes World Bank Financing, Presents $78.5 Billion Project Pipeline
Nigeria seeks private investment to boost economic growth, create jobs, and expand opportunities in key sectors like agriculture and digital infrastructure.
Nigeria seeks private investment to boost economic growth, create jobs, and expand opportunities in key sectors like agriculture and digital infrastructure.
· Updated
President Bola Tinubu has welcomed a proposed $5.79 billion plan by the World Bank Group to mobilize private financing for Nigeria. This initiative aligns with the administration's broader strategy to attract both domestic and foreign investors.
To further this goal, President Tinubu has unveiled a pipeline of 65 bankable projects valued at $78.5 billion, seeking investment to strengthen the nation's economic foundation, expand businesses, and create jobs. Agriculture and digital infrastructure are identified as key sectors poised to benefit from increased private capital.
The $78.5 billion project pipeline was presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, during the Nigeria Investors Forum. This forum was held on the sidelines of the 2026 IMF–World Bank Annual Meetings in Bangkok.
President Tinubu encouraged investors to explore these projects and engage directly with their sponsors via Projects Nigeria, the government's platform for showcasing investment opportunities. He assured investors that his administration is committed to resolving obstacles and facilitating the execution of viable investments, aiming to create jobs and expand opportunities for Nigerians.
FAQ
What is the total value of projects Nigeria is seeking investment for?
Nigeria is seeking $78.5 billion in investment for a pipeline of 65 bankable projects.
How can investors access details about these projects?
Investors can access details of the 65 projects through the Projects Nigeria portal at finance.gov.ng/projectsnigeria.