FG seeks $500m World Bank loan to seed INFRAGROW infrastructure platform
The loan is part of a proposed $3.85bn package to attract private investors into infrastructure projects, according to a World Bank document.
The Federal Government is seeking a $500 million facility from the World Bank, according to a document seen by Daily Trust on Monday. The money would seed an infrastructure financing platform called INFRAGROW, short for the Nigeria Infrastructure Financing and De-Risking Platform for Growth and Jobs.
The document, the World Bank’s Initial Project Information Document prepared on November 4, 2026, shows the platform would combine loans, equity investments, commercial debt and financial guarantees to attract domestic and international investors into infrastructure projects.
Nairametrics reported that the $500 million is made up of $400 million from the International Bank for Reconstruction and Development and $100 million from the International Development Association, and that it sits inside a wider $3.85 billion package. It said the Nigeria Sovereign Investment Authority would contribute $200 million in equity as founding shareholder, private investors would add $200 million, and commercial lenders would provide about $600 million.
SOURCE: Daily Trust
