Tinubu welcomes World Bank’s $5.79bn private financing push for Nigeria
President Bola Tinubu
Abdullateef Fowewe
President Bola Tinubu has welcomed the World Bank Group’s move to mobilise up to $5.79 billion in private financing for Nigeria, describing it as a boost to the country’s economic reforms and efforts to attract investment.
In a statement on Friday, the President linked the financing to his administration’s drive to create a stronger investment climate and improve citizens’ livelihoods.
“We undertook our economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn a better living,” Tinubu said.
He added that the World Bank partnership would support businesses and investment in key sectors.
“I welcome the World Bank Group’s work to mobilise up to $5.79 billion in private financing for Nigeria. This partnership supports our efforts to help businesses expand and attract investment into agriculture and digital infrastructure.”
Tinubu also disclosed that Nigeria has assembled a pipeline of 65 bankable projects seeking a combined $78.5 billion in investment.
The portfolio was presented by Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, and Central Bank of Nigeria Governor, Olayemi Cardoso, at the Nigeria Investors Forum held on the sidelines of the 2026 IMF–World Bank Annual Meetings in Bangkok.
The projects cut across oil and gas, power, transport, maritime services, agriculture and food processing, manufacturing, mining, technology, healthcare and urban development.
“Nigeria has gone a step further to put together a pipeline of 65 bankable projects seeking $78.5 billion in investment,” the President said.
Energy and transport account for nearly four-fifths of the total funding requirement, while agriculture and agro-processing comprise six projects valued at $9.8 billion.[
The President invited Nigerian and international investors to engage directly with project sponsors through the government’s Projects Nigeria platform, assuring them of support to remove obstacles and move viable investments into execution.
“I invite Nigerian and international investors to examine these projects and engage directly with their sponsors through Projects Nigeria. Our administration will work with you to resolve obstacles and move viable investments into execution, creating jobs and expanding opportunities for our people,” Tinubu said.
The World Bank said its fiscal year 2026 private-financing mobilisation is expected to support about 850,000 direct and indirect jobs, with investments targeted at small businesses, digital infrastructure, agriculture and industrial production.
