{
  "id": 10732813,
  "title": "APM urges World Bank to withhold $1.5bn loan to Nigeria",
  "url": "https://urgent.news/2026/09/29/apm-urges-world-bank-to-withhold-1-5bn-loan-to-nigeria",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T16:52:52.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/apm-urges-world-bank-to-withhold-1-5bn-loan-to-nigeria/"
  },
  "original_language": "en",
  "account": "The Allied Peoples Movement (APM) has urged the World Bank and other international lenders to withhold a proposed $1.5bn credit facility from the Tinubu-led Nigerian government. APM spokesperson Abubakar Yusuf highlighted Nigeria's growing debt profile, which stands at over N166.7tn, and the administration's continued borrowing despite revenue gains from the removal of the petrol subsidy. The proposed loans, which would cover climate resilience, social protection, and early childhood development, are expected to be discussed at the World Bank board meeting on October 29, 2026. APM contends that further borrowing could exacerbate the economic hardships faced by Nigerians and weaken the country's productive sector.",
  "summary": "The Allied Peoples Movement has called on the World Bank to withhold a fresh $1.5bn loan to the Tinubu administration, citing Nigeria’s rising debt profile Read More: https://punchng.com/apm-urges-world-bank-to-withhold-1-5bn-loan-to-nigeria/",
  "key_points": [
    "APM urges World Bank to withhold $1.5bn loan to Nigeria",
    "Nigeria's debt profile over N166.7tn, despite revenue gains",
    "Proposed loans for climate resilience, social protection, early childhood development"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "APM urges World Bank to withhold $1.5bn loan to Nigeria",
        "url": "https://urgent.news/2026/09/29/apm-urges-world-bank-to-withhold-1-5bn-loan-to-nigeria-10737109",
        "published": "2026-09-29T17:16:52.000Z"
      },
      {
        "outlet": "Daily Trust",
        "title": "$1.5bn Loan: APM asks World Bank to reject Tinubu’s request",
        "url": "https://urgent.news/2026/09/29/1-5bn-loan-apm-asks-world-bank-to-reject-tinubus-request",
        "published": "2026-09-29T17:35:58.000Z"
      },
      {
        "outlet": "Premium Times",
        "title": "APM urges World Bank to halt new $1.5bn loans to Nigeria",
        "url": "https://urgent.news/2026/09/29/apm-urges-world-bank-to-halt-new-1-5bn-loans-to-nigeria",
        "published": "2026-09-29T18:30:21.000Z"
      },
      {
        "outlet": "Daily Post Nigeria",
        "title": "Don’t lend Tinubu fresh loans, you’re mortgaging Nigeria’s future – APM warns World Bank",
        "url": "https://urgent.news/2026/09/29/dont-lend-tinubu-fresh-loans-youre-mortgaging-nigerias-future-apm",
        "published": "2026-09-29T19:06:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}