Tinubu is seeking another fresh $1.25bn World Bank loan as total national debt rises to record N159 trillion

The loan would rank as the second-largest single World Bank facility secured under President Tinubu, behind only the $1.5 billion RESET, Reforms for Economic Stabilisation to Enable Transformation, Development Policy Financing approved in June 2024.

The Tinubu administration is pursuing a fresh $1.25 billion loan from the World Bank, with the proposed facility titled Nigeria Actions for Investment and Jobs Acceleration already at an advanced stage in the bank's approval process.

If cleared, it will be presented to the World Bank's board on June 26, 2026.

By Gift Davies

Full story at Pulse NG