The World Bank has been working with Nigeria to reduce the high rate of poverty, create better human capital, diversify the country's revenue through non-oil sectors, and help with economic management.
The other pillars that were focused on were social service delivery, community empowerment, and creating a basis for non-oil growth.
In 2016, Nigeria ranked as the 12th highest loan recipient from the World Bank with 6.6 billion dollars.
This all adds up to $9.21 billion worth of programs in sectors of like social protection, health, agriculture, fishing, forestry, energy, public administration and other areas in need of refinement.
[6] By 2018 the World Bank has approved over 225 projects in Nigeria since 1958, most of which happened through IDA credits and IBRD loans.
[7] Despite the risks that are associated with most projects, they are carried out by the World Bank and Nigeria with the intention of making the country's infrastructure better.
The World Bank has made progress in many areas like, urban and rural development, energy production, agriculture, etc...[8] The Rural Access and Mobility Project (RAMP) is one of the World Bank's successful projects.
This project's aim was to build and rebuild roads to ameliorate social conditions and bring business in certain communities.
It started in 2005 and by the closing of this project in 2012, they manage to deliver more efficient energy to 4.4 million consumers in Nigeria.
Over time it has turned the act of farming into a profitable business and has groomed farmers to be “Agro-preneurs”.
In July 2018, The World Bank decided to extend its Country Partnership Strategy with Nigeria until June 30, 2019.
These two projects will work together in order to strengthen the fiscal transparency and make national statistic records and public finance credible.
This project will bring oral polio immunizations to at least 80% national target in each Nigerian states participating.
[18] The Nigeria Electrification Project (NEP) is being financed through $350 million IDA credits from the World Bank.
Connecting these four countries to high voltage transmission lines will enable to take part in an effective regional energy trade.