Deji Elumoye in Abuja
President Bola Tinubu on Friday welcomed World Bank Group’s proposed plan to mobilise about $5.79 billion in non-public financing for Nigeria.
He has additionally taken steps to draw home and overseas traders to Nigeria, unveiling a pipeline of 65 bankable tasks searching for $78.5 billion in funding.
According to Tinubu, the funding transfer was aimed toward strengthening the muse for financial progress, increasing companies and creating jobs, with agriculture and digital infrastructure among the many sectors anticipated to learn from elevated non-public capital.
Tinubu, in a publish on his verified X deal with, @officialABAT, prolonged invitation to Nigerian and worldwide traders to discover the tasks, assuring them that his administration would work to resolve obstacles and facilitate the execution of viable investments.
He wrote: “We undertook our economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn a better living.”
According to the President, the World Bank Group’s financing mobilisation initiative is a help for the federal government’s efforts to draw funding and develop financial alternatives.
“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 mentioned.
The $78.5 billion mission pipeline was introduced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, alongside the Governor of the Central Bank of Nigeria, Olayemi Cardoso, on the Nigeria Investors Forum, held on the sidelines of the 2026 IMF–World Bank Annual Meetings in Bangkok.
The President charged traders to look at the proposed tasks and interact straight with their sponsors by Projects Nigeria, the Federal Government’s platform for showcasing funding alternatives.
“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.
His attraction got here as authorities seeks to draw private-sector financing to help financial growth, with the federal government positioning the mission pipeline as an avenue for traders to take part in key sectors of the Nigerian economic system.
The initiative is anticipated to enrich efforts to develop productive actions, help enterprise progress and create employment alternatives by elevated funding in viable tasks.
The President directed the traders to entry particulars of the 65 tasks by the Projects Nigeria portal at finance.gov.ng/projectsnigeria.
