Suspend loans to states, SERAP urges World Bank
The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to halt loans to Nigeria’s 36 states, citing allegations of mismanagement of public funds. The National Bureau of Statistics revealed that each Nigerian carries a debt of N396,376.19. Nigeria’s total public debt surged by 75.27 per cent, reaching N87.38tn in Q2 2023. SERAP, in a letter called on …