An announcement was made by the World Bank on Thursday, September 29 on its website. According to the announcement, the government of Nigeria will benefit from a $750 million loan from the World Bank, through the International Development Association (IDA) window, to improve the country's business climate.

The private sector is much more targeted by the Nigerian government to achieve its ambition to create 21 million jobs and lift 35 million people out of poverty, of by 2025. Thus, it is multiplying reforms in order to make this sector as productive as possible. He will therefore benefit from a 750 million dollar loan from the World Bank, which will be financed under a program called State Action on Business Enabling Reforms (SABER). This would also serve to accelerate the implementation of reforms to create a more business-friendly environment at the state level. “Nigeria's 36 states and the Federal Capital Territory (FCT) are able to catalyze private investments, but their efforts and their ability to do so vary considerably” reported the note explaining the reasons for the initiative. The envisaged program will be implemented in several areas such as land administration, the regulatory framework for private investments in fiber optic infrastructure, public-private partnerships (PPPs) and investment promotion frameworks and services, as well as the business-friendly regulatory environment.