The Allied Peoples Movement (APM) calls on the World Bank and other international lenders to halt plans for additional financing for President Bola Tinubu’s administration. In statements reported by Nigerian Eye and Daily Post Nigeria, the party warns that new loans would “mortgage” Nigeria’s future and worsen an already heavy debt burden.
APM argues the government does not present a clear repayment strategy for the proposed funding, including a reported $1.5 billion World Bank credit. The party also links its position to Nigeria’s current economic conditions, citing pressures such as a weaker naira, declining purchasing power, and rising costs of essentials. It criticizes reliance on borrowing while Nigerians face higher taxes and higher prices for items including food, electricity, transportation, and healthcare.
While both outlets relay the same core claim—that APM is urging lenders not to proceed with fresh loans—the coverage focuses on APM’s broader economic warnings rather than providing details on how the lenders would structure or assess repayment.
