Nigerians Speechless As Tinubu’s Government Borrows $6.45 Billion In Just 16 Months, Total World Bank Loans Hit $24 Billion

Nigerians Speechless As Tinubu’s Government Borrows $6.45 Billion In Just 16 Months, Total World Bank Loans Hit $24 Billion Written By Oshiobugie John– In just 16 months, the administration of President Bola Tinubu has borrowed a staggering $6.45 billion from the World Bank, adding to Nigeria’s growing debt crisis.....KINDLY READ THE FULL STORY HERE▶

This borrowing spree saw a significant jump with the recent approval of three additional loans totaling $1.57 billion, aimed at financing various development projects across the country.

Over the past five years, Nigeria’s total World Bank loans have ballooned to an alarming $24.088 billion, raising serious concerns about the long-term sustainability of the nation’s mounting debt burden. As the government continues to seek international financial assistance, many are questioning how these loans will impact the country’s economic future.