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🇳🇬 Nigeria /Energy & Infrastructure

World Bank targets 32 million Nigerians with electricity, 58 million with broadband by 2032

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • The World Bank's new Country Partnership Framework for Nigeria (2026-2032) aims to connect 32 million people to electricity and 58 million to broadband internet.
  • The framework also targets 9.5 million farmers for agricultural improvements and plans to mobilize $4.1 billion in private capital for infrastructure and agribusiness.
  • Key objectives include job creation, private-sector-led growth, improved competitiveness, and enhanced human capital, with a focus on fewer, high-impact areas.

The World Bank has outlined ambitious goals for Nigeria in its new Country Partnership Framework, spanning from 2026 to 2032. The plan targets connecting 32 million Nigerians to electricity and providing an additional 58 million people with access to broadband internet. This initiative aims to significantly boost digital connectivity and energy access across the nation.

Beyond infrastructure, the framework prioritizes agricultural development, intending to benefit 9.5 million farmers through programs designed to enhance production, add value, and strengthen market linkages. Concurrently, the World Bank Group plans to mobilize $4.1 billion in private capital, specifically channeling it into infrastructure and agribusiness sectors. These efforts are geared towards fostering private-sector-led growth and improving the overall business environment.

32 million provided with electricity (M300). 58 million more people are using broadband internet (Digital). 9.5 million farmers benefiting from activities that improve production, value-addition, and market linkages (AgriConnect). $4.1bn in private capital mobilised.

— World Bank GroupKey targets outlined in the framework's fact sheet.

The overarching strategy focuses on creating more and better private-sector jobs by enhancing competitiveness and growth. This includes a target of increasing the non-oil revenue-to-GDP ratio by 30 percent and enabling $6 billion in private capital. For human capital development, the framework aims to provide quality health, nutrition, and population services to 40 million beneficiaries, support 19.4 million students with improved education, and reduce stunting in children under five by eight percentage points. Additionally, it seeks to expand social safety-net programs to 41 million beneficiaries and build resilience to climate risks for 11.7 million people.

A focus on jobs aligned with the World Bank Group Job Creation Strategy,” adding that the institution will double down on private-sector-led growth and private capital mobilisation.

— World Bank GroupDescribing the strategic focus of the new framework.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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