Nigerians Storm World Bank Social Media Pages, Warn Against Fresh $1.25bn Loan To Tinubu
Nigerians Storm World Bank Social Media Pages, Warn Against Fresh $1.25bn Loan To Tinubu
A wave of reactions has trailed reports that the Federal Government under President Bola Ahmed Tinubu is seeking fresh financial support from the World Bank, with many Nigerians taking to social media to express anger over the country’s rising debt profile.
Citizens flooded the comment sections of the World Bank’s official social media platforms, warning against the approval of a proposed $1.25 billion loan reportedly linked to ongoing economic reforms and development programmes in Nigeria.
Many commenters accused the Tinubu administration of relying excessively on borrowing while ordinary Nigerians continue to grapple with economic hardship, inflation, high fuel prices, and the rising cost of living.
Several users described President Tinubu as “Borrower-In-Chief,” insisting that additional loans would further mortgage the future of younger generations and deepen Nigeria’s debt burden.
The backlash comes amid growing public concern over Nigeria’s external and domestic debt levels. Economic analysts have repeatedly warned that continuous borrowing without visible improvements in infrastructure, power supply, employment, and social welfare could worsen fiscal pressures on the country.
Some Nigerians questioned how previous loans secured by successive administrations were utilized, demanding greater transparency and accountability before any new borrowing is approved.
Others argued that rather than accumulating more debt, the government should focus on blocking revenue leakages, improving local production, supporting businesses, and cutting the cost of governance.
The criticism also reflects wider frustrations over the economic reforms introduced since President Tinubu assumed office, including the removal of fuel subsidy and exchange rate unification policies, both of which have triggered sharp increases in transportation costs and prices of goods across the country.
Despite the public outrage, supporters of the administration insist that the loans are necessary to stabilize the economy, fund critical projects, and support reforms aimed at long-term economic recovery.
As reactions continue to pour in online, many Nigerians are urging international financial institutions to exercise caution and ensure strict monitoring mechanisms if any additional loans are eventually approved for the country.
