Transcribed

Nigerian Government Queried For $800m World Bank Loan

May 10, 2023 · 1m 6s
Nigerian Government Queried For $800m World Bank Loan
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The Civil Society Legislative Advocacy Centre, CISLAC, has queried the Federal Government over the World Bank’s $800 million loan to the country, as a palliative to cushion the effect of...

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The Civil Society Legislative Advocacy Centre, CISLAC, has queried the Federal Government over the World Bank’s $800 million loan to the country, as a palliative to cushion the effect of the proposed fuel subsidy removal by June.
The Executive Director of CISLAC, Auwal Musa-Rafsanjani, lamented the nonchalant attitude displayed by President Muhammadu Buhari's administration, towards the country’s crippling debt crisis.
Mr Rafsanjani says that fears of the country getting another $800 million loan from the World Bank sends waves of worries in the minds of Nigerians as Nigeria’s revenue collection in 2022 stood at N10 trillion, with a debt of about N77 trillion.
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Author Africa Business Radio
Organization Africa Business Radio
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