Atiku Criticizes Tinubu Government Over Planned $1.25 Billion World Bank Loan
Former Vice President, Atiku Abubakar, has criticized the administration of President Bola Ahmed Tinubu over reports that the Federal Government is negotiating a fresh $1.25 billion loan from the World Bank. Reacting to the reports, Atiku warned that Nigeria risks sinking deeper into what he described as unsustainable debt, especially if citizens continue to see little improvement in living conditions and public infrastructure. According to him, borrowing should translate into measurable development, economic growth, and improved welfare for Nigerians rather than increasing financial pressure on future generations. The comments come amid ongoing national concerns about Nigeria’s rising debt profile, inflation, unemployment, and economic challenges affecting households and businesses across the country. Supporters of the government argue that external loans are often necessary for infrastructure development, budget support, and economic reforms, while critics con...