Debt Archives

World Bank Approves Fresh $1.25bn Loan for Nigeria Despite Rising Debt Concerns

Promise OdejideJuly 1, 2026

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs…

Promise OdejideJune 9, 2026

The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has raised concerns over what he described as excessive…

Promise OdejideMay 28, 2026

The Federal Government and the World Bank have jointly cancelled a $717.7 million loan facility meant to support reforms in…

Promise OdejideMay 26, 2026

The Presidency has defended Nigeria’s growing debt profile, insisting that the country still has the capacity to borrow more despite…

Promise OdejideMay 15, 2026

The World Bank has restricted comments on its Instagram page following widespread backlash from Nigerians over plans by President Bola…

Promise OdejideMay 12, 2026

The Federal Government has intensified discussions with the World Bank over a fresh $1.25 billion loan facility targeted at supporting…

Promise OdejideMay 2, 2026

Nigeria’s debt to the World Bank has increased to $19.89 billion as of December 31, 2025, marking a significant rise…

Promise OdejideApril 29, 2026

President Bola Ahmed Tinubu has defended Nigeria’s growing debt profile, saying borrowing is a necessary tool for development and should…

Promise OdejideApril 28, 2026

The House of Representatives has approved a $516.3 million syndicated loan from Deutsche Bank AG to finance Section 1…

Promise OdejideApril 23, 2026

President Bola Tinubu has asked the Senate to approve a fresh N698 billion loan for the construction of the Sokoto–Badagry…