Presidency Fires Back as Nigerians Beg World Bank to Stop Giving Nigeria More Loans
Presidency Fires Back as Nigerians Beg World Bank to Stop Giving Nigeria More Loans
The Presidency has reacted after angry Nigerians stormed the World Bank’s social media pages, urging the global financial institution to stop approving fresh loans for Nigeria over fears of rising debt and worsening hardship.
Speaking on Arise Television, President Bola Tinubu’s Special Adviser on Policy Communication, Daniel Bwala, dismissed the campaign and suggested it could be politically driven ahead of the 2027 elections.
“This is the eve of election, so it’s difficult to tell whether those flooding the World Bank pages are opposition members or not,” Bwala said.
He insisted that government decisions cannot be controlled by social media pressure, arguing that leadership must act based on law, economic advice, and national interest.
“How do you govern because some people online said don’t borrow? What if another group says go and borrow? Leadership is beyond social media sentiments,” he stated.
Bwala further defended the Tinubu administration’s borrowing policy, claiming that institutions like the World Bank and IMF still consider Nigeria’s debt profile sustainable.
His comments come as frustration grows across the country over rising debt, inflation, economic hardship, and concerns about how government loans are being managed.
The debate over Nigeria’s borrowing culture is now becoming one of the biggest political and economic conversations ahead of 2027.
