The proposed financing comprises three $500m facilities targeting climate resilience, social protection and early childhood development. Atiku, through a statement by his campaign’s Director of Strategic Communications, Phrank Shaibu, called for disclosure of the projects to be funded, intended beneficiaries, borrowing terms and disbursement schedules.
Atiku also questioned the continued rise in public debt despite government claims of increased revenue and savings from the removal of petrol subsidy. The proposed World Bank facilities remain subject to approval and should not be regarded as funds already disbursed to Nigeria.
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Summary
Former Vice President Atiku Abubakar has urged the Federal Government to account for previous borrowings before proceeding with proposed $1.5bn World Bank financing. Atiku Abubakar has urged President Bola Tinubu’s administration to provide details on how previous government borrowings have been used before proceeding with proposed new World Bank financing worth $1.5bn. The former Vice President’s call follows...
Key takeaways
- Former Vice President Atiku Abubakar has urged the Federal Government to account for previous borrowings before proceeding with proposed $1.5bn World Bank financing.
- Atiku Abubakar has urged President Bola Tinubu’s administration to provide details on how previous government borrowings have been used before proceeding with proposed new World Bank financing worth $1.5bn.
- The former Vice President’s call follows the latest public debt figure of N166.79tn as of June 30, 2026.The proposed financing comprises three $500m facilities targeting climate resilience, social protection and early childhood development.
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What is this story about?
Former Vice President Atiku Abubakar has urged the Federal Government to account for previous borrowings before proceeding with proposed $1.5bn World Bank financing. Atiku Abubakar has urged President Bola Tinubu’s administration to provide details on how previous government borrowings have been used before proceeding with proposed new World Bank financing worth $1.5bn. The former Vice President’s call follows...
Who published this story?
Glow 99.1 FM published this story with GlowRy Atuah listed as author.
When was it published?
September 29, 2026
