{
  "id": 10737109,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T17:16:52.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "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 $1.5bn loan to Nigeria's President Bola Tinubu-led administration. This call comes amid concerns over the nation's increasing debt and the proposed credit facility. The APM argues that further borrowing could exacerbate economic hardship for Nigerians and weaken the country's productive sector. By June 2026, Nigeria's public debt had reached a record N166.79tn. The World Bank is reportedly in negotiations with Nigeria to secure three loans worth $1.5bn, consisting of $500m each for climate resilience, social protection, and early childhood development. APM asserts that the Tinubu administration has accumulated over N166.7tn in debt despite revenue from the removal of the petrol subsidy. The party calls on international financial institutions, including the World Bank, the International Monetary Fund, and China, to refrain from providing additional credit to the Tinubu administration, stating that such lending is not in Nigeria's best interest.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "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",
        "published": "2026-09-29T16:52:52.000Z"
      },
      {
        "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."
}