Nigeria: ADC Slams Govt Over Fresh Loan, Says Nigeria Running On ‘Ponzi Economy’

May 15, 2026
[Vanguard] The African Democratic Congress on Thursday accused President Bola Ahmed Tinubu's administration of running what it described as a 'Ponzi economy' after the Federal Government moved to secure another $1.25 billion World Bank loan despite Nigeria's growing public debt estimated at about N159.28 trillion.

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