If Nigerians have sacrificed so much, where are the results?” he asked.
Atiku acknowledged the development needs targeted by the programmes but demanded measurable outcomes and increased transparency.
He called on the government to article details of projects, beneficiaries, borrowing terms, targets and implementation timelines.
“Account for the debt already on Nigeria’s books prior to borrowing another dollar,” Atiku said.
Meanwhile, the Federal Government is seeking a novel $1.5 billion in financing from the World Bank across three proposed loans targeting climate resilience, initial childhood development and social protection.
This is just as the presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar demanded accountability prior to securing the renewed loan.
Documents from the World Bank showed that the three components, each valued at $500 million, are at distinct stages of preparation, together with the earliest scheduled for topic by the Bank’s board in October 2026.
The proposed financing comprises an supplementary $500 million for the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project, a $500 million Nigeria Initial Childhood Development programme and another $500 million for the Household Prosperity and Empowerment – Social Protection Project (HOPE-SP).
One of the three proposed financings is the additional $500 million financing for ACReSAL, which is scheduled for consideration by the World Bank’s board on October 29, 2026.
ACReSAL is an available $700 million project approved by the World Bank in December 2021. The proposed additional financing would elevate the Bank’s complete financing for the programme to $1.2 billion.
According to the project appraisal file, the Federal Government requested the added financing “to scale up demonstrated project results and low-exposure the institutional, effective and financing arrangements needed to sustain incorporated landscape instruction.”
The proposed $500 million would be allocated across three general areas: $310 million for dryland administration, $165 million for category climate resilience and $25 million for institutional strengthening and project management.
The programme operates across 19 northern states and the Federal Capital Territory, alongside interventions focused on land degradation, water insecurity, climate vulnerability and declining agricultural productivity.
The coming is the proposed $500 million IDA credit for Nigeria’s Premature Childhood Development programme.
The programme is designed to broaden entry to an united package of services for children aged zero to five and their caregivers across Nigeria’s 36 states and the FCT.
The proposed interventions protect health, nutrition, ahead of time learning, childcare and other services intended to assist children during their formative years.
The World Bank’s project documents indicate that the complete $500 million operation is expected to be financed throughout an IDA credit, together with no financing gap.
The Bank said around 40 per
cent of Nigerian children Under-five are stunted, although fewer than half are
developmentally on monitor.
It moreover said simply 36 per
cent of children aged in the midst of 36 and 59 months participate in organised premature learning.
The facility is at display
scheduled for topic by the World Bank’s board on March 15, 2027.
The third proposed support is the $500 million for Household Prosperity and Empowerment – Social Protection Project, established as HOPE-SP.
The proposed project is
aimed at establishing a greater sustainable social assistance structure for low-quality and
vulnerable households.
The $500 million IDA
credit would assist targeted conditional and unconditional cash transfers,
upgrade social protection institutions and gradually travel financing from
external sources towards federal and situation government budgets.
The World Bank estimates
that 62.5 per cent of
Nigerians could be living in poverty in 2026, compared together with 40 per cent in 2019
and 56 per cent in 2023.
HOPE-SP is now
scheduled for board problem on March 16, 2027.
Meanwhile, the African Democratic Congress presidential candidate, Atiku Abubakar, has urged President Bola Tinubu’s administration to account for Nigeria’s available debt in advance of proceeding using proposed $1.5bn World Bank financing.
In a declaration issued on Monday by his Administrator of Strategic Communications, Phrank Shaibu, Atiku said the government should opening provide how previously borrowed capital had been spent and the benefits delivered to Nigerians.
He too questioned why audience debt continued to rise despite increased government earnings and savings reportedly generated following the removal of the petrol subsidy.
“If further capital is coming in, why does the debt maintain climbing?
Source: Atiku kicks as Nigeria plans fresh $1.5bn W/Bank loan
