Nigeria: Tinubu Borrowing Binge Reckless, Opaque, Economic Vandalism

Nigeria: Tinubu Borrowing Binge Reckless, Opaque, Economic Vandalism

Former Vice President Atiku Abubakar has expressed sadness at reports that President Bola Tinubu is in discussions with the World Bank for another $1.25 billion loan facility, describing the administration's appetite for foreign debt "as reckless, opaque and dangerously habitual".

Tinubu’s Debt Addiction Is Economic Vandalism

Former Vice President Atiku Abubakar has strongly criticised the Federal Government’s continued resort to external borrowing,

Loans not achievements, Atiku tells Tinubu

Former Vice President Atiku Abubakar has expressed concern over reports that the Federal Government is in discussions with the World Bank for another $1.25 billion loan facility, which, if concluded, would rank among the largest fresh borrowings under the current administration. Recent World Bank and public reporting confirm continued major borrowing activity involving Nigeria, including fresh external financing arrangements. Atiku, in a stateme…

Why Nigerians are telling World Bank to stop lending to Nigeria

Something has been building quietly across timelines, comment sections, public discussions, and economic conversations in Nigeria, something that did not begin with a single moment but gathered weight over time until it spilled into global attention, especially on the pages of the World Bank, where Nigerians suddenly appeared in large numbers expressing anger, concern, and demand for a pause on fresh borrowing discussions tied to Nigeria’s finan…

“Borrowing Is Not Governance” — Atiku Faults Tinubu Govt Over Planned $1.25bn World Bank Loan

Former Vice President Atiku Abubakar has expressed concern over reports that the Federal Government is in discussions with the World Bank for another $1.25 billion loan facility, which, if concluded, would rank among the largest fresh borrowings under the current administration. Recent World Bank and public reporting confirm continued major borrowing activity involving Nigeria, including fresh external financing arrangements. Atiku, in a stateme…

Atiku slams Tinubu over proposed $1.25bn World Bank loan, warns of rising debt burden - Lagos Television

Former Vice President Atiku Abubakar has criticised President Bola Tinubu’s administration over reports of a proposed $1.25 billion loan from the World Bank, warning that Nigeria is drifting further into unsustainable debt with little improvement in citizens’ welfare. In a statement issued on Sunday through his media aide, Olusola Sanni, Atiku described the planned borrowing...