Nigeria: Alliance - Abu Dhabi $5bn Facility Raises Transparency, Risk Concerns

Nigeria: Alliance - Abu Dhabi $5bn Facility Raises Transparency, Risk Concerns

Says Tinubu's reforms yielding gains but poverty, food insecurity remain high

Atiku tackles Oyedele, says Nigerians deserve to know details of $5bn Abu Dhabi loan

Former Vice-President Atiku Abubakar has told President Bola Tinubu to be transparent in the deployment of the $5 billion Abu Dhabi loan as Nigerians and future generations of the country would bear its burden.   On Wednesday, Taiwo Oyedele, Nigeria’s finance minister, said the federal government would not publish details of how funds drawn from its $5 billion financing facility with First Abu Dhabi Bank (FAB) would be spent.   Oyedele was respo…

$5bn Abu Dhabi loan: Inside Nigeria’s controversial debt deal

Nigeria’s latest borrowing arrangement with First Abu Dhabi Bank (FAB) is emerging as one of the most closely watched components of President Bola Tinubu’s debt strategy, after the Federal Government confirmed that it will not publish a transaction-specific breakdown of how funds drawn from the $5 billion facility will be deployed. The disclosure has intensified criticism from former Vice-President Atiku Abubakar, who has demanded greater transp…

Atiku to Tinubu: Nigerians deserve transparency on $5bn Abu Dhabi loan

Former Vice President of Nigeria and Presidential candidate of the African Democratic Congress, Atiku Abubakar, has called on Nigerians to demand accountability from the Tinubu-led APC government over its rising debt profile, warning that unchecked borrowing risks trapping future generations in unsustainable debt. In a statement issued on Sunday, Atiku The post Atiku to Tinubu: Nigerians deserve transparency on $5bn Abu Dhabi loan appeared first…