Economics & Development

This Completion and Learning Review (CLR) evaluates the implementation and results of the World Bank Group’s FY21–FY25 Country Partnership Framework (CPF) for Nigeria, assessing progress toward development objectives, program performance, and alignment with corporate goals. The CPF focused on strengthening public sector foundations, investing in human capital, promoting jobs and economic transformation, and enhancing resilience. Implementation occurred in a highly challenging context marked by COVID-19, macroeconomic instability, and heightened conflict, which reversed poverty reduction gains and weakened economic performance. Following reforms initiated in 2023, early signs of macroeconomic recovery have emerged, though inflation and poverty remain elevated. Overall CPF outcomes are rated Moderately Satisfactory, with strong progress in public sector and human capital areas, and more limited gains in economic transformation and resilience. WBG performance is rated Good, reflecting adaptive program design, strong engagement, and effective use of results-based approaches and policy dialogue. The CLR highlights key lessons on program focus, government ownership, legislative alignment, and capacity support to inform the next CPF.

This document relates to the IFC Project Number 51025.

The Annex 3 of for the Nigeria Country Partnership Framework (CPF) provides an overview of the World Bank Group’s active engagement in Nigeria through IBRD, IDA, IFC, and MIGA. As of May 2026, the IBRD/IDA portfolio comprises 30 operations with total commitments of US$16.9 billion across energy, education, health, agriculture, social protection, digital development, governance, transport, and water sectors. IFC has committed over US$20 billion in long- and short-term financing since FY21, supporting financial inclusion, agribusiness, manufacturing, energy, and digital services, while MIGA maintains a guarantee portfolio of approximately US$329 million focused primarily on energy, infrastructure, manufacturing, and financial sector investments. Together, these investments support Nigeria’s development priorities by mobilizing private capital, strengthening infrastructure and human capital, expanding economic opportunities, and advancing sustainable and inclusive growth.