The Federal Government has borrowed N13.21 trillion ($8billion)from the World Bank over the past 20 months to fund various developmental projects under President BolaTinubu′s administration.
The loans, including three fresh approvals worth $1.1 billion last week, target critical sectors such as nutrition, education, and economic resilience. Despite these inflows, Nigeria’s total debt has surged to N142 trillion, with debt servicing consuming N14.32 trillion of the proposed 2025 budget.