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 international buyers to Nigeria, unveiling a pipeline of 65 bankable tasks searching for $78.5 billion in funding.
According to Tinubu, the funding transfer was geared toward strengthening the inspiration 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 submit on his verified X deal with, @officialABAT, prolonged invitation to Nigerian and worldwide buyers 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 broaden 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 challenge pipeline was offered 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 buyers to look at the proposed tasks and have interaction straight with their sponsors by means of 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 challenge pipeline as an avenue for buyers to take part in key sectors of the Nigerian financial system.
The initiative is anticipated to enhance efforts to broaden productive actions, help enterprise progress and create employment alternatives by means of elevated funding in viable tasks.
The President directed the buyers to entry particulars of the 65 tasks by means of the Projects Nigeria portal at finance.gov.ng/projectsnigeria.
