Tinubu's $750M World Bank Deal: New Taxes Loom for Nigerians
bombshell agreement reveals that Nigeria's $750 million World Bank loan, secured by the Tinubu administration, comes with a hefty price tag for citizens. New taxes on alcohol, telecoms, betting, and vehicles are slated to bolster government revenue, sparking debate over the true cost of international aid. This move is part of the Accelerating Resource Mobilisation Reforms (ARMOR) Program-for-Results, raising questions about Nigeria's economic future.
The Bola Tinubu administration signed an agreement with the World Bank for a $750 million loan, following the Bank’s approval on June 14, 2024, five days before the final disbursement deal was concluded with the Nigerian government. The loan was signed under the Accelerating Reso
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