The multilateral bank urged Nigeria's apex bank to ease the pressure on the country's FX market.
FG is expected to provide grants from the CoPREP to the 36 states and the FCT.
The report estimates that Nigeria’s economy would likely contract by 3.2% in 2020.
The World Bank noted that about 47% of Nigerians do not have access to grid electricity.
World Bank has approved about $2.2 billion loans for Nigeria to iuplift human capital and economic development in 2020.
Shubham Chaudhuri has been appointed as the country director for Nigeria of the World Bank Group. He joined the Nigeria Office on Tuesday