2027: US Firm moves to halt fresh loans to Nigeria
A U.S.-based advocacy organization, Von Batten-Montague-York, is urging international financial institutions to halt new loan disbursements to Nigeria ahead of the 2027 presidential election.
The firm issued the statement via its account on X, responding to reports that President Bola Ahmed Tinubu’s administration is pursuing billions of dollars in financing from global lenders.
According to Von Batten-Montague-York, Nigeria’s loan requests from the World Bank, the European Investment Bank, and France’s Agence Française de Développement come just months before the upcoming general elections in 2027.
The organization’s statement highlighted concerns over Nigeria’s history with corruption, suggesting that financial support should be paused until after the electorate has chosen its next leaders. The firm noted, “Given Nigeria’s history of corruption, loans should be paused until Nigerians elect their next leaders.”
The advocacy group announced its intention to reach out to the World Bank, where the United States holds a significant stake.
