The proposed financing consists of three $500m facilities targeting climate resilience, social protection and early childhood development. World Bank documents show that the facilities are still at different stages of consideration, meaning the $1.5bn has not been approved or disbursed as a single loan.
The APM’s position comes after Nigeria’s public debt rose to N166.79tn at the end of June 2026, according to the Debt Management Office. The party has called for greater scrutiny of government borrowing, while the proposed facilities remain subject to the World Bank’s approval processes.
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The Allied Peoples Movement has urged the World Bank and other lenders not to approve proposed fresh financing for Nigeria, citing the country’s rising public debt. The Allied Peoples Movement has urged the World Bank and other international lenders to withhold proposed fresh financing worth $1.5bn for Nigeria, citing concerns over the country’s rising debt. The party’s National...
Key takeaways
- The Allied Peoples Movement has urged the World Bank and other lenders not to approve proposed fresh financing for Nigeria, citing the country’s rising public debt.
- The Allied Peoples Movement has urged the World Bank and other international lenders to withhold proposed fresh financing worth $1.5bn for Nigeria, citing concerns over the country’s rising debt.
- The party’s National Publicity Secretary, Abubakar Yusuf, said additional borrowing could further increase the financial burden on Nigerians.The proposed financing consists of three $500m facilities targeting climate resilience, social protection and early childhood development.
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The Allied Peoples Movement has urged the World Bank and other lenders not to approve proposed fresh financing for Nigeria, citing the country’s rising public debt. The Allied Peoples Movement has urged the World Bank and other international lenders to withhold proposed fresh financing worth $1.5bn for Nigeria, citing concerns over the country’s rising debt. The party’s National...
Who published this story?
Glow 99.1 FM published this story with GlowRy Atuah listed as author.
When was it published?
September 30, 2026
