Atiku Abubakar Opposes Tinubu's $500M World Bank Loan Plan

Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), has publicly rejected President Bola Tinubu's proposal to secure a $500 million loan from the World Bank. The statement, issued on November 10, 2026, by Phrank Shaibu, Director of Strategic Communication for the ADC Presidential Campaign Council, criticizes the outgoing administration for attempting to saddle Nigeria with new debt just days before the next presidential inauguration on May 29, 2027.

Atiku emphasized that the World Bank is set to consider the loan on May 25, 2027, which he views as irresponsible and unfair to Nigerians. He urged the World Bank not to approve the loan under the current timetable and called for full public disclosure of the loan's terms, risks, and repayment conditions.

Atiku stated that his administration would resist inheriting the loan's terms and framed the upcoming January 16 election as a choice between the current administration's borrowing practices and a government focused on affordable living.