The World Bank has reportedly restricted comments on its Instagram page after thousands of Nigerians flooded the platform, urging the institution to stop granting loans to Nigeria.
The development follows reports that the administration of President Bola Tinubu is seeking a fresh $1.25 billion loan, expected to be approved on June 26.
Many Nigerians expressed concerns over the country’s rising debt profile, with some accusing the government of placing an increasing financial burden on citizens that could negatively impact the economy in the future.
Before the comment section was restricted, several Nigerians had appealed to the World Bank to halt further loans to the country until significant improvements are made in economic management and public fund accountability.
As of the time of filing this report, the World Bank has not issued any official statement explaining the reason for limiting comments on its Instagram page.
The incident has reignited public debate over Nigeria’s growing dependence on foreign loans, with citizens divided on whether the country should continue borrowing or focus on reducing reliance on debt financing
