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ACReSAL secures $500M additional financing from World Bank's IDA for climate resilience and rural development across Northern Nigeria.
PRIVATEOct 08, 2026
Amount Raised
$500 Million
Round Type
Venture
Agriculture and Farming
Investors
World BankInternational Development Association
Description
ACReSAL, an agro-climatic resilience project covering Nigeria's 19 northern states and the FCT, has secured backing for $500 million in additional financing from the International Development Association (IDA). The new funding, pending World Bank Board approval on October 29, would bring total project financing to $1.2 billion. The additional funds will support completion of ongoing interventions, sustain existing projects, and strengthen climate resilience and rural livelihoods. ACReSAL has already restored over 818,000 hectares of degraded land and benefited 4.4 million people since its 2021 approval.
Company Information
Company
ACReSAL
About
ACReSAL (Agro-Climatic Resilience in Semi-Arid Landscapes) is a World Bank-funded project approved in December 2021 with initial financing of $700 million. It operates across Nigeria's 19 northern states and the Federal Capital Territory, focusing on land restoration, climate resilience, and rural livelihoods. The project has restored over 818,000 hectares of degraded land, delivered solar-powered boreholes, and provided support to millions of beneficiaries through community funds and agricultural equipment distribution.
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