Angry Nigerians Storm World Bank Official Page And warned Against giving out President Tinubu Loan
A number of Nigerians have expressed their displeasure and opposition to the Bola Tinubu government’s plans to obtain a new $1.25 billion loan facility on the World Bank’s social media pages.
The responses came after it was revealed that the federal government and the World Bank were in advanced negotiations for a new loan that would help with economic reforms, the expansion of electricity, digital infrastructure, agriculture, and initiatives to create jobs.
The proposed “Nigeria Actions for Investment and Jobs Acceleration” facility could be approved in June 2026, according to reports, making it one of the biggest World Bank loans obtained during Bola Tinubu’s presidency.
Enraged by Nigeria’s growing debt profile and deteriorating economic situation, a large number of Nigerians flooded social media comment sections, cautioning the World Bank against granting the Nigerian government another loan.
While some users questioned how prior loans were used, others accused the government of excessive borrowing without any discernible improvements in citizens’ living conditions.
In response to the development, a Facebook user wrote, “Borrow, borrow, borrow.” Only consumption, no exports, no significant production. Economic suicide is what this is.
“Why is the World Bank giving them money when they know the government is not using it for what they asked for?” asked a different commenter.
According to reports, Nigeria’s total public debt could surpass ₦160 trillion if the new $1.25 billion facility is approved.
Under Tinubu’s administration, Nigeria obtained roughly $9.35 billion in loans and credits from the World Bank between June 2023 and May 2026, according to data referenced in the reports.
