{
  "id": 10845747,
  "title": "$1.5bn: Don’t Grant Fresh Loan to Tinubu, APM Tells World Bank, Others",
  "url": "https://urgent.news/2026/09/30/1-5bn-dont-grant-fresh-loan-to-tinubu-apm-tells-world-bank-others",
  "topic": "world",
  "section": "World",
  "published": "2026-09-30T02:58:43.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/30/1-5bn-dont-grant-fresh-loan-to-tinubu-apm-tells-world-bank-others/"
  },
  "original_language": "en",
  "account": "The Allied Peoples Movement (APM) has demanded that the World Bank and other global lenders refrain from providing additional loans to the Nigerian administration led by President Bola Ahmed Tinubu. The opposition party vehemently opposes the proposal, emphasizing that it would be tantamount to further mortgaging the future of millions of Nigerians. In a statement, the APM's National Publicity Secretary, Abubakar Yusuf, criticized the administration's history of borrowing without a clear plan to repay the massive debt accumulated under President Tinubu's watch. He lamented the situation where, despite the removal of petrol subsidies, the Tinubu government continues to borrow, weakening the naira, undermining economic growth, and reducing the purchasing power of ordinary citizens. The APM spokesperson highlighted the dire situation faced by Nigerians, including skyrocketing costs of essential commodities, excessive taxes, and a severe food crisis that affects over 35 million people. He stated that the APC administration's claims of progress are false and that the party is recklessly pushing the nation towards an uncertain future. The APM is urging international financial institutions to deny any further credit to the Tinubu administration, as it is against the best interests of the nation. They are confident that Nigerians will vote out the APC in the 2027 elections and have pledged to implement governance based on transparency, fiscal discipline, and the revitalization of the economy if they are elected.",
  "summary": "Chuks Okocha in Abuja The Allied Peoples Movement (APM) has urged the World Bank and other international lenders to protect the interests of over 200 million Nigerians by withholding fresh",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}