The World Bank plans to approve a new $500 million loan to Nigeria in March 2026. The money will be used to improve agriculture, increase food production, strengthen value chains, and create jobs in different states.
Details of the loan are in the World Bank’s Project Information Document for the Nigeria Sustainable Agricultural Value-Chains for Growth project, also known as AGROW. The approval date is expected to be March 30, 2026.
The entire $500 million will come from the International Development Association (IDA), which is the World Bank’s arm that gives low-interest loans to developing countries. The borrower is the Federal Republic of Nigeria. The project will be carried out by the Federal Ministry of Agriculture and Food Security and participating states.
The main goal of the project is to increase productivity among smallholder farmers and strengthen selected agricultural value chains in participating states.
