| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 750.00 |
| IDA Shorter Maturity Loan (SML) | 750.00 |
Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) DPF
Abstract*
The development objective of the Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing for Nigeria is to strengthen Nigeria’s economic policy framework by creating fiscal space and protecting the poor and economically insecure. This operation is structured around two pillars on building fiscal space and protecting the poor and economically insecure households. Five prior actions (PAs) and three tranche release... Show More
Development Objective
To strengthen Nigeria’s economic policy framework by creating fiscal space and protecting the poor and economically insecure.
Key Details
Project Details
P501661
Active
Samer Matta , Alexis Sienaert, Utz Pape
Federal Republic of Nigeria
October 20, 2023
(as of board presentation)
June 13, 2024
June 26, 2024
US$ 0.00 million
Federal Ministry of Finance
2024
US$ 1500.00 million
N/A
N/A
December 31, 2025
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 750.00 |
| IDA Commitment | 750.00 |
| IBRD + IDA Commitment | 1500.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 13, 2024 | IBRD-96830 | Loan Commitment | 750,000,000.00 |
| Jun 28, 2024 | IDA-75670 | Loan Disb | 750,000,000.00 |
| Jun 26, 2024 | IBRD-96830 | Loan Disb | 1,875,000.00 |
| Jun 26, 2024 | IBRD-96830 | Fee Charges | 1,875,000.00 |
| Jun 13, 2024 | IDA-75670 | Loan Commitment | 750,000,000.00 |
Results Framework
No data available.