Deji Elumoye in Abuja
President Bola Tinubu yesterday 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 initiatives looking for $78.5 billion in funding.
According to Tinubu, the funding transfer was geared toward strengthening the muse for financial development, increasing companies and creating jobs, with agriculture and digital infrastructure among the many sectors anticipated to profit 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 initiatives, 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 stated.
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 buyers to look at the proposed initiatives and interact immediately with their sponsors via 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 acknowledged.
His enchantment got here as the federal government seeks to draw private-sector financing to help financial growth, with the federal government positioning the mission pipeline as an avenue for buyers to take part in key sectors of the Nigerian financial system.
The initiative is predicted to enrich efforts to broaden productive actions, help enterprise development and create employment alternatives via elevated funding in viable initiatives.
The President directed the buyers to entry particulars of the 65 initiatives via the Projects Nigeria portal at finance.gov.ng/projectsnigeria.
