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Nigeria Is Becoming A Carcass – Moghalu Laments As FG Seeks New $1.5bn Loan From World Bank

Posted by Thandiubani on Mon 16th Oct, 2023 -

It was reported that the Federal Government was engaging the World Bank on a fresh $1.5bn loan.

Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, CBN has expressed dissatisfaction with the federal government's plan to borrow $1.5 billion from the World Bank.
He made his thoughts public on X platform.
Reacting, Moghalu wrote: 
“There is a real problem when Nigeria is set to borrow another $1.5 billion from @WorldBank for budget support, and SUVs worth N160 million each are reportedly to be bought for 360 members of the House of Representatives. We are not yet serious as a country.

“Nigeria is becoming a carcass, and our political class its scavengers."

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