Nigerian companies may soon have access to a major global business opportunity, as the World Bank has announced a procurement window valued at up to $250 billion that firms in Nigeria can compete for.

This development was revealed during a World Bank procurement seminar held in Lagos on January 27, 2026, where World Bank officials encouraged Nigerian businesses to tap into contract opportunities tied to projects financed by the international lender.

The World Bank explained that this procurement window is not a cash grant or direct financial support. Instead, it represents a large pool of contracts for goods, services, and infrastructure projects being funded by the Bank across different countries. Nigerian firms are being invited to participate and bid for these jobs.

According to the World Bank, the procurement framework includes tens of thousands of contracts globally, covering sectors such as construction, consultancy, technology, healthcare, transportation, and other development-related services. This means that eligible Nigerian businesses can now explore opportunities beyond the local market and potentially secure international contracts.

During the seminar, World Bank officials highlighted that Nigerian firms already have experience winning contracts in World Bank–financed projects. Over the last five years, Nigerian businesses reportedly secured more than 6,800 contracts valued at around $2.5 billion. The announcement of the new procurement window is expected to expand these opportunities significantly.

Ms. Gallina Andronova Vincelette, the Vice President, Operations Policy and Country Services (OPCS),said the scale of opportunities available to Nigerian businesses was “significant and growing.”

Officials also noted that the $250 billion procurement window has been approved by the World Bank’s Board and is part of efforts to ensure that companies from developing countries are better represented in global development projects.

For Nigerian businesses, this development could open doors to international partnerships, access to foreign markets, and increased revenue streams. However, experts say firms must meet the World Bank’s procurement standards, improve capacity, and understand international bidding procedures to successfully compete.

The seminar in Lagos served as an educational platform to help Nigerian entrepreneurs, suppliers, and contractors better understand how to position themselves; from registration and bid submission to compliance with global procurement rules.

As Nigeria continues to search for ways to boost economic growth and create more jobs, access to international procurement contracts could provide a significant advantage for local firms willing to scale up and compete globally.

This news indicates a growing recognition that Nigerian businesses can play a bigger role not only within the country but also in major development projects worldwide.