World Bank's $500m Loan Boosts Nigerian Small Business Power Plan

World Banks $500m Loan Boosts Nigerian Small Business Power Plan

The FINCLUDE Project awaits final approval by December 18, 2025. Meanwhile, Nigeria remains the third-largest debtor to the World Bank’s IDA, with obligations totaling $18.2 billion as of June 2025, following Bangladesh ($22.6 billion) and Pakistan ($19.3 billion).

The success of this initiative could significantly impact Nigeria’s small business landscape, though its implementation will be closely watched amid concerns about the country’s growing debt profile.