Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Anyanwu’s Reinstatement As National Secretary, A Painful Decision – Damagum

    June 25, 2025

    Multichoice Slashes DStv Decoder Price By 50 Percent

    June 25, 2025

    Ex-Kwara Governor, Cornelius Adebayo Dies At 84

    June 25, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Anyanwu’s Reinstatement As National Secretary, A Painful Decision – Damagum
    • Multichoice Slashes DStv Decoder Price By 50 Percent
    • Ex-Kwara Governor, Cornelius Adebayo Dies At 84
    • ‘Our Country Has Become Lawless’: Obi Bemoans Demolition Of Younger Brother’s Property In Lagos
    • Tinubu to Sanwo-Olu: Prioritise Impactful Projects For Lagosians
    • Osimhen Is Willing To Accept £200,000 Weekly At Man United
    • Thugs Invade SDP Secretariat After National Chairman’s Suspension
    • PDP Leadership In Closed Door Meeting With INEC
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Thursday, June 26
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Nigeria Will Soon Become Number One Debtor To World Bank – Peter Obi
    2 Mins Read17 ViewsSeptember 11, 2024

    Nigeria Will Soon Become Number One Debtor To World Bank – Peter Obi

    By Temidayo AkinsuyiSeptember 11, 2024No Comments17 Views2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 general elections says Nigeria, under the leadership of President Bola Tinubu is number three highest debtor to World Bank.
    Obi, who spoke in an exclusive interview with News Central TV also said Nigeria will soon climb to number one on the World Bank debtor list with the way things are going.
    “Look at our debt, rising irresponsibly. There is nothing wrong in borrowing. Borrowing, for any government globally is accepted. People make reference with every other countries today. I have compared so many countries with the issue of borrowing”.
    “Even countries people cite, like Singapore. Singapore today owes over 100 percent of their GDP but they have a clear law that all borrowed money must be for investment”.
    “Japan owes over 200 percent of their GDP but the money Japan borrowed, most of their debts apart from being domestic were used for the economy and the people of Japan. Today, China has huge debts but you could see where those debts were invested in”.
    Speaking further, Obi said Nigeria has nothing to show for all the loans the federal government has collected since  the All Progressives Congress (APC) came to power in 2015.

    “Today, we are the number three highest debtor to World Bank. That happened within the past one year. We actually estimated that the way we are going, we will soon be the number one highest debtor. We are a country without anything to show for it”.

    “Bangladesh is within  those three highest debtors of  World Bank but we could see the different. In 2015, when this APC government started, our debt was a third of what it is today”.

    Author

    • Temidayo Akinsuyi
      Temidayo Akinsuyi

      View all posts
    News Central TV Peter Obi
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Temidayo Akinsuyi

    Related Posts

    Featured

    Anyanwu’s Reinstatement As National Secretary, A Painful Decision – Damagum

    June 25, 2025
    Breaking News

    Multichoice Slashes DStv Decoder Price By 50 Percent

    June 25, 2025
    Breaking News

    Ex-Kwara Governor, Cornelius Adebayo Dies At 84

    June 25, 2025
    Breaking News

    ‘Our Country Has Become Lawless’: Obi Bemoans Demolition Of Younger Brother’s Property In Lagos

    June 25, 2025
    Breaking News

    Tinubu to Sanwo-Olu: Prioritise Impactful Projects For Lagosians

    June 25, 2025
    Featured

    Osimhen Is Willing To Accept £200,000 Weekly At Man United

    June 24, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Anyanwu’s Reinstatement As National Secretary, A Painful Decision – Damagum

    June 25, 2025

    Multichoice Slashes DStv Decoder Price By 50 Percent

    June 25, 2025

    Ex-Kwara Governor, Cornelius Adebayo Dies At 84

    June 25, 2025

    ‘Our Country Has Become Lawless’: Obi Bemoans Demolition Of Younger Brother’s Property In Lagos

    June 25, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.