National Blueprint · One of 195

Nigeria

Africa’s most populous nation, 237.5 million strong, whose 2025 Eurobond drew more than $13 billion of orders for $2.35 billion of paper.

Perfect Nations values what Nigeria owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

Nigeria at a glance

  • 237.5mPeopleWorld Bank, 2025
  • Furthest from reach · Energy83.5%of the electricity a person needs is missingEmber, 2025
  • 20Instruments and investments on recordCapital already committed

What we do for Nigeria

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The People to The Power.
  2. 02CapitalThe laurels20 instruments and investments on record, every one sourced.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Energy is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry Nigeria toward seven basic standards of living for every citizen.

  • 237.5mCitizens, 2025

    The People

    64 in every hundred live in towns and cities; the rest live on the land they farm and fish.

  • 77.1%Of land in farms and pasture

    The Land

    The land that feeds the nation, and the first place a citizen dividend can be earned.

  • 18.9%Of land under forest

    The Forest

    Standing forest holds the water, soil and carbon that the world will pay to keep.

  • 990 m³Renewable fresh water per person

    The Water

    Below the scarcity line of 1,000 cubic metres: every drop must be stored, treated and reused.

  • 22%Of energy from renewables, 2021

    The Power

    Sun, wind, water and biomass already carry part of the load; the rest is the opportunity.

02Capital · The laurels · Capital Architecture

Nigeria borrows at scale and the world bids for it. Next, a full table in every home.

Bonds, guarantees, swaps and loans that raise capital against what Nigeria owns, every line sourced.

Capital Architecture

The record in figures

  • ₦159.35TTotal public debt at 31 March 2026, equal to $114.95 billion: external $51.90 billion, domestic $63.05 billionDebt Management Office, 2026
  • $2.35BEurobonds: $1.25B due 2036 and $1.10B due 2046, priced 5 November 2025; peak order book over $13BDebt Management Office, 2025
  • $1.5BReforms for Economic Stabilization to Enable Transformation (RESET): development policy financing, June 2024World Bank, 2024
  • $1.25BNigeria Actions for Investment and Jobs Acceleration (NAIJA): development policy financing for capital markets, the digital economy, power, trade, seed and revenue, June 2026World Bank, 2026
  • $1.25BIndorama Eleme Fertilizer and Chemicals: a third urea line of 1.4 million tonnes a year and a shipping terminal, March 2024IFC, 2024

Capital already committed

  • GovernmentPricedEurobonds, long 10-year and long 20-year$2.35B

    Priced 5 November 2025 · $1.25 billion due 2036 · $1.10 billion due 2046 · Coupons/yields of 8.6308% and 9.1297%

    Peak order book over $13 billion

    Two dollar bonds sold on the international market to finance the 2025 fiscal deficit and other needs of the government. The peak order book of more than $13 billion was the largest Nigeria has achieved, more than five times the amount sold.

    Debt Management OfficeFederal Government of Nigeria

    Source
  • GovernmentIssuedSovereign Green Bond, third issuance₦47.4B

    Offer closed 18 June 2025 · ₦50 billion offered · ₦91.42 billion subscribed, 183% · Coupon 18.95%

    Proceeds finance projects in the 2024 Appropriation Act

    Nigeria’s third sovereign green bond, sold in naira and subscribed almost twice over; ₦47.355 billion was allotted. Its proceeds finance projects in the 2024 federal budget that support the nation’s climate commitments.

    Debt Management OfficeFederal Government of Nigeria

    Source
  • MultilateralApprovedAgro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL), additional financing$500M

    Announced 6 November 2026 · Additional financing · 19 northern states and the Federal Capital Territory

    1.4 million hectares and 6.6 million people by 2031

    Restores degraded landscapes, rehabilitates watersheds and improves erosion and flood management across northern Nigeria, reaching 1.4 million hectares and 6.6 million people by 2031. It protects the water, food and livelihoods of farming and herding families.

    World Bank

    Source
  • MultilateralApprovedNigeria Actions for Investment and Jobs Acceleration (NAIJA)$1.25B

    Approved 29 June 2026 · Development policy financing · With the Country Partnership Framework 2026–2032

    Capital markets, digital economy, power, trade, seed and revenue

    Supports reforms that deepen capital markets, modernise the rules for the digital economy and e-governance, advance power sector reform, lower trade barriers, improve access to quality seed and raise domestic revenue. It was approved with a partnership framework that aims to expand energy access to 32 million Nigerians.

    World Bank

    Source
  • MultilateralApprovedSustainable Agricultural Value-Chains for Growth (AGROW)$500M

    Approved 30 March 2026 · IDA credit

    Up to one million farmers

    Links smallholder farmers to agribusiness through matching grants, better seed and fertiliser systems and digital advice.

    World Bank

    Source
  • MultilateralApprovedFostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE)$500M

    Approved 19 December 2025 · IBRD loan $400 million · IDA credit $100 million · Up to $800 million in guarantees

    Debt finance for 250,000 small firms, at least 150,000 led by women

    Expands debt finance to 250,000 micro, small and medium enterprises, at least 150,000 of them led by women, and can issue up to $800 million in guarantees to draw in lending. Small firms employ most Nigerians, so it serves the livelihood standard.

    World Bank

    Source
  • MultilateralApprovedBuilding Resilient Digital Infrastructure for Growth (BRIDGE)$500M

    Approved 7 October 2025 · Concessional financing · Total project cost $1.6 billion

    Fibre backbone from 35,000 to 125,000 km

    Builds a nationwide fibre network through a company that is majority privately owned, to connect 38,800 public schools, 16,900 health facilities and 3,400 local government offices. It lays the links on which modern schooling, health care and work depend.

    World Bank

    Source
  • MultilateralApprovedHope for Quality Basic Education for All (HOPE-EDU)$500M

    Approved 31 March 2025 · Global Partnership for Education co-financing $52.18 million

    29 million children in public primary schools

    Supports basic education for 29 million children enrolled in public primary schools, 500,000 teachers and more than 65,000 schools. It serves the education standard where it begins.

    World BankGlobal Partnership for Education

    Source
  • MultilateralApprovedCommunity Action for Resilience and Economic Stimulus (NG-CARES), additional financing$500M

    Approved 31 March 2025 · Additional financing

    More than 15 million direct beneficiaries so far

    Extends a programme for poor and vulnerable households and communities that has reached more than 15 million direct beneficiaries. It serves the livelihood and food standards together.

    World Bank

    Source
  • MultilateralApprovedAccelerating Nutrition Results in Nigeria (ANRIN 2.0)$80M

    Approved 31 March 2025

    Nutrition for mothers, adolescent girls and children under five

    Increases the use of quality, low-cost nutrition services for pregnant women, nursing mothers, adolescent girls and children under five. The first phase reached more than 13 million children under five between 2018 and 2024; food sets Coverage in Nigeria.

    World Bank

    Source
  • MultilateralApprovedPrimary Healthcare Provision Strengthening Program (HOPE-PHC)$570M

    Approved 26 September 2024 · IDA credit $500 million · Global Financing Facility grant $70 million

    40 million people

    Strengthens primary health care for women, children and adolescents, benefiting 40 million people, especially the most vulnerable. It is the health standard at the front line of care.

    World BankGlobal Financing Facility

    Source
  • MultilateralApprovedSustainable Power and Irrigation for Nigeria (SPIN)$500M

    Approved 26 September 2024

    Irrigation for 40,000 hectares; up to 950,000 people

    Improves dam safety and brings new and better irrigation and drainage to 40,000 hectares, for up to 950,000 people in farming and herding households, and prepares a hydropower master plan. It serves the water, food and energy standards.

    World Bank

    Source
  • MultilateralApprovedReforms for Economic Stabilization to Enable Transformation (RESET)$1.5B

    Approved 13 June 2024 · Development policy financing · Approved with the $750 million ARMOR revenue programme

    Fiscal room and support for the poor

    Supports reforms that strengthen economic policy, create fiscal room and protect the poor and the economically vulnerable. It was approved with a $750 million programme for revenue reform, in a $2.25 billion package.

    World Bank

    Source
  • MultilateralApprovedDistributed Access through Renewable Energy Scale-up (DARES)$750M

    Approved 14 December 2023 · IDA credit · Parallel financing: Global Energy Alliance for People and Planet $100 million, JICA $200 million

    New or better electricity for more than 17.5 million Nigerians

    Funds solar mini-grids and standalone solar to give more than 17.5 million Nigerians new or improved electricity and to replace more than 280,000 petrol and diesel generators. It is designed to draw in more than $1 billion of private capital for the energy standard.

    World Bank

    Source
  • RegionalApprovedNiger State Solar Energy Development Project$150M

    Approved 16 June 2026 · 367th meeting of the Board of Executive Directors, Baku

    Clean electricity and a more reliable supply

    Expands clean electricity generation, makes power more reliable and diversifies the energy mix in Niger State. It serves the energy standard.

    Islamic Development Bank

    Source
  • RegionalApprovedNational Agricultural Growth Scheme – Agro-Pocket (NAGS-AP), phase II$200M

    Announced 13 February 2026 · Loan · Four years from March 2026

    Farm productivity, value chains and climate-smart farming

    Scales up priority farm investments that raise productivity, strengthen value chains and spread climate-smart, data-driven farming. Food sets Coverage in Nigeria.

    African Development Bank

    Source
  • RegionalApprovedSpecial Agro-Industrial Processing Zones (SAPZ), phase II, first tranche$200M

    Approved 1 December 2025 · Multi-tranche financing facility · First tranche covers 10 states

    1.1 million jobs expected across 10 states

    Builds agro-industrial zones that process food close to the farm. Phase II is planned in three tranches to reach an additional 27 states, and the first tranche is expected to create 1.1 million jobs, 200,000 of them direct.

    African Development Bank

    Source
  • RegionalApprovedEconomic Governance and Energy Transition Support Programme, phase II$500M

    Approval announced 26 November 2025 · Policy-based loan for fiscal years 2024 and 2025

    Public finance, power sector reform and the energy transition

    Supports reforms in public financial management, the power sector and the energy transition plan, with steps to widen energy access. It serves the energy standard through reform.

    African Development Bank

    Source
  • PrivateAnnouncedSolar hybrid mini-grids, five renewable energy service companies$83.2M

    Announced 29 April 2026 · IFC and Norfund loans · Concessional loans from the IDA Private Sector Window · 315 sites

    Electricity for 2.9 million people

    Loans of up to $83.2 million to Darway Coast, GVE Projects, Prado Power, PriVida Power and StarTimes Energy for 315 solar hybrid mini-grids, with estimated capital spending of $271 million. They bring electricity to homes and businesses in underserved communities.

    IFCNorfund

    Source
  • PrivateAnnouncedIndorama Eleme Fertilizer and Chemicals, third urea line$1.25B

    Announced 22 March 2024 · IFC loan $215.5 million · $940 million mobilised from development finance institutions and commercial banks

    1.4 million tonnes of urea a year

    Finances a third urea fertiliser line and a new shipping terminal in Port Harcourt. More fertiliser made in Nigeria supports farm yields and the food standard.

    IFC

    Source

Already working in Nigeria.

Independent firms and social enterprises already at work in Nigeria, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise
  • Food

    Babban Gona

    An agri-tech company whose franchise model lets leading smallholder farmers in northern Nigeria run micro-enterprises that supply their peers with inputs and working capital, with credit, training, harvest, storage and market support. British International Investment committed $7.5 million of debt to it in 2025.

    TechCabal, 2025
  • Energy

    Darway Coast Nigeria

    A renewable energy service company building solar hybrid mini-grids for homes and businesses in underserved communities. In April 2026 it was one of five developers in an $83.2 million IFC and Norfund financing, with $25 million of loans for its own sites.

    IFC, 2026
  • Health

    NSIA Advanced Medical Services (MedServe)

    A wholly owned health company of the Nigeria Sovereign Investment Authority that runs diagnostic and cancer care services. In February 2026 IFC committed about ₦14.2 billion ($24.5 million) towards a $154.1 million expansion into more than a dozen new diagnostic and treatment centres.

    IFC, 2026
  • Livelihood

    LAPO Microfinance Bank

    One of Nigeria’s largest microfinance institutions, serving more than one million clients through more than 500 branches in all 36 states, with lending focused on women entrepreneurs, nano businesses and smallholder farmers. In April 2026 IFC disclosed a proposed senior loan of up to $10 million in naira.

    IFC, 2026

03Solutions · The seven stars · Perfect Capita

Perfect Nigeria, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Nigeria in its own prices.

How Perfect Capita works
Nigeria: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for Nigeria.WATER29.9%SHELTER32.2%ENERGY16.5FOOD23.5%EDUCATION–HEALTH47LIVELIHOOD36%
16.5
Energy · furthest from reachAbout 165 kWh of electricity a person a year, against the Living Line of 1,000; 28% cook with clean fuels (2024)Ember, 2025

Tap a star for its figure and source.

The price of Perfect Nigeria

To be set with Nigeria, from its own figures and in its own prices: Perfect Capita times the people of Nigeria, each year.

Read more
  • Food23.5%Not food insecure; 76.5% are moderately or severely food insecureFAO, 2024
  • Water29.9%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter32.2%Safely managed sanitationWHO/UNICEF, 2024
  • Energy16.5About 165 kWh of electricity a person a year, against the Living Line of 1,000; 28% cook with clean fuels (2024)Ember, 2025
  • EducationNot measuredNeither reading nor completion is publishedUNESCO
  • Health47WHO service coverage indexWHO, 2023
  • Livelihood36%Above US$4.20 a day; 64% live below itWorld Bank, 2022

Perfect Nations estimate, to be confirmed with Nigeria. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.

Solutions for Perfect Nigeria

  • Solution No. 50

    The Solar Market Bond

    Nigeria’s next green bond brings solar power to its markets, clinics and homes, state by state.

    • 01The challengeNigerians use about 165 kWh of electricity a person a year, against the Living Line of 1,000: 83.5% of the electricity a person needs is missing.
    • 02What Perfect Nations advisesNigeria should dedicate its next sovereign green bond to solar mini-grids and storage for markets, clinics and homes, with private developers matching each connection and the states that open their own electricity markets served first. With super intelligence, rooftops, markets and diesel generators can be mapped from space, so every mini-grid is placed where it replaces the most diesel and serves the most traders.

    83.5%of the electricity a Nigerian needs is missing

    FromPreeti SinhaPresident and CEO, Perfect NationsRead the SolutionDiscuss this Solution
  • Solution No. 24

    The Diaspora Harvest Bond

    Nigerians abroad finance storage and warehouse receipts, so farmers sell when prices are fair.

    • 01The challengeAbout 182 million Nigerians, 76 in every hundred, cannot always count on enough good food.
    • 02What Perfect Nations advisesNigeria should issue a second diaspora bond to finance storage, irrigation and warehouse receipts, so farmers can borrow against their stored grain instead of selling at harvest-time prices. With super intelligence, crops and stores can be watched by satellite and sensor, so every receipt is backed by real grain and lenders can reach farmers they never saw before.

    ~182mNigerians who cannot always count on enough good food

    FromPreeti SinhaPresident and CEO, Perfect NationsRead the SolutionDiscuss this Solution
Nigeria in Bloom, nation portrait of Nigeria
Nigeria in BloomNation Portrait · Art of Nations
Perfect Nations® · Letters to the NationsNigeria

Dear Nigeria,

Green, white and green: the green for your land and the white for peace, under a motto that asks for Unity and Faith, Peace and Progress.

Read more

You are the most populous nation in Africa, and the world already competes to lend to you.

“The world lent you $2.35 billion in a single week. Now let a full table in every home be the return.”

Yours in design,Preeti SinhaPresident and CEO, Perfect NationsRead the full letter

Work with us · The ReDesign Studio

The Perfect Nigeria ReDesign Studio

One mission, three depths: the same four moves for Nigeria, taken as far toward market as you choose.

Read more

For the Government of Nigeria, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments
  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02Coverage of 23.5 and the Gap, explained.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing
  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in Nigerian prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab
  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where Nigerians and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Nigeria into being.

    Up to 1,500 words on your vision of Perfect Nigeria, published with your name.

    Submit your writing
  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Nigeria.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Nigeria already own, and how could it pay for a decent life for every citizen?”

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Nigeria.

    Become a Co-designer

The Nigeria ReDesign Studio is open

Design Perfect Nigeria with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Sources
  1. World Bank, World Development Indicators: population 2025, urban share, agricultural and forest land, renewable fresh water per person and renewable energy share, read 30 October 2026.
  2. Strict Perfect Capita inputs: FAO food insecurity, WHO/UNICEF water and sanitation, World Bank clean cooking, learning poverty and poverty lines, UNESCO completion and the WHO service coverage index (2023, via Our World in Data).
  3. International Monetary Fund and World Bank press releases for each line of Capital already committed, as linked.
  4. Electricity used per person: Ember, Yearly Electricity Data (2026 release), accessed 12 November 2026.
Nigeria in Bloom, flag edition: the nation portrait of Nigeria painted with its flag
Nigeria in BloomNation Portrait, flag edition · Art of Nations
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