$1.5bn Loan Request: Don’t Grant Fresh Loans To Tinubu, APM Tells World Bank, Others

The Allied Peoples Movement (APM) has urged the World Bank and other international lenders not to grant fresh loans to the administration of President Bola Tinubu.
In a statement on Monday signed by its National Publicity Secretary, Abubakar Yusuf, the party said international financial institutions should protect the interests of over 200 million Nigerians by withholding credit from what it described as a “squandermaniac” All Progressives Congress (APC) government.
The APM condemned the Federal Government’s plan to secure a fresh $1.5 billion loan from the World Bank, saying the administration has no clear strategy to repay the over N166.7 trillion debt accumulated under its watch.
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