Former Vice President Atiku Abubakar has expressed concern over reports that the Federal Government is in discussions with the World Bank for another $1.25 billion loan facility, which, if concluded, would rank among the largest fresh borrowings under the current administration.
Recent World Bank and public reporting confirm continued major borrowing activity involving Nigeria, including fresh external financing arrangements.
Atiku, in a statement issued through his Media Aide, Olusola Sanni, said it is both troubling and unconscionable that an administration which promised economic renewal has instead become synonymous with industrial-scale borrowing, “without any corresponding improvement in the daily lives of Nigerians”.
Atiku urged the Federal Government to provide Nigerians with a full account of all loans secured since assuming office, the terms attached to them, disbursement status, and concrete project outcomes tied to each facility.