Just 48 Hours After Boasting “No More Borrowing,” Tinubu’s Govt Seeks $1.75 B World Bank Loan

Just 48 Hours After Boasting “No More Borrowing,” Tinubu’s Govt Seeks $1.75 B World Bank Loan

Just less than two days after President Tinubu announced that Nigeria had met its 2025 revenue target and promised to stop borrowing, his government is moving to secure a fresh $1.75 billion loan from the World Bank.

The funds are expected to support agriculture, digital infrastructure, health security, and small business financing.

While officials describe it as a strategic step to boost key sectors, critics see it as a sharp contradiction to Tinubu’s earlier pledge and a sign of Nigeria’s growing debt concerns