Index to Nigerian Newspapers

Nigeria's Federal Government plans to increase borrowing despite a 40.5% surge in revenue for the first eight months of 2025, driven by gains in non-oil revenue collections. The country's fiscal performance from January to August 2025 saw total collections reach a record N20.59tn, surpassing the N14.6tn collected in 2024. However, Nigeria still faces funding gaps in crucial sectors such as infrastructure, with low capital spending. To address these gaps, the government plans to borrow locally and domestically. The World Bank is expected to approve loans totaling $1.75bn before the end of the year to support key development projects in Nigeria, including agriculture, health, and digital infrastructure. Major projects set to benefit from this financial backing include the Nigeria Sustainable Agricultural Value-Chains for Growth project, Building Resilient Digital Infrastructure for Growth, Health Security Programme in Western and Central Africa, Nigeria – Phase II, and Fostering Inclusive Finance for MSMEs in Nigeria. These projects comprise the $1.75bn in loans expected to be approved by the World Bank before the end of the year.