The APC must be made to grasp that they are pushing Nigerians to the precipice and there is a constrain to which a people can stomach under such circumstances.”
APM, accordingly, called on the worldwide financial bodies, including the “World Bank, the Cross-border Monetary Support and other multinational lenders such as China, the United States, amid others, not to provide any original credit to the Tinubu administration, as such is not in the general entice to of our nation.
“Nigerians have reached unanimity to vote out the Tinubu-led APC administration in January 2027. Such an ‘outgoing’ administration should not be entrusted using any credit facility on behalf of our nation.”
The Allied Peoples Movement (APM) has called on the World Bank and other worldwide lenders to protect the interests of over 200 million Nigerians by withholding original loan look for of President Bola Ahmed Tinubu.
Whereas describing the All Progressives Congress (APC) administration as “squandermaniac”, APM condemned what it called the experiment by President Tinubu to extra “mortgage the prospective of millions of Nigerians together with a renewed $1.5bn credit from the World Bank, even when his administration does not have any transparent-cut technique to remit fund the over N166.7 trillion debt accumulated under his watch.”
In a declaration by Abubakar Yusuf, its Countrywide Publicity Secretary, the party said it is “unacceptable that, even including the trillions of naira derived from the removal of the subsidy on petrol, the Tinubu administration is engaged in its morbid appetite for borrowing, including nothing to display apart from weakening the value of the naira, thereby crippling our powerful sector and reducing the purchasing power of the standard Nigerian.”
The opposition party said it is distressing that although the APC administration repeatedly assert that the loans are for plausible causes, “most of the finance are diverted to the restricted pockets of a corrupt cabal whereas Nigerians continue to struggle alongside collapsed infrastructure and unemployment, alongside over 140 million citizens unable to afford their daily meals.
“Seeing that President Tinubu assumed office in 2023, Nigerians have endured extreme hardship, excessive taxes, and the high price of electricity, transportation, food, elementary Medicare and other necessities of life.
“The scale of the food crisis is reflected in the assessment of the World Food Programme, which estimates that regarding 35 million Nigerians confront acute food insecurity in 2026.” APM said.
APM lamented that most disturbing is that, in the encounter of President Tinubu’s “calamitous misrule, which has plunged our nation into misery and a “dark tunnel of uncertainty”, the APC is arrogantly bandying untrue output claims and even has the temerity to be contesting the 2027 presidential election.
“It is transparent that the APC is mistaking the patience and stage of tolerance of Nigerians as a sign of weakness, conceivably believing that they have been conquered.
Source: $1.5bn Loan: APM asks World Bank to reject Tinubu’s request
