The Civil Society Legislative Advocacy Centre, CISLAC, has queried the Federal Government over the World Bank’s $800 million loan to the country, as a palliative to cushion the effect of the proposed fuel subsidy removal by June.
The Executive Director of CISLAC, Auwal Musa-Rafsanjani, lamented the nonchalant attitude displayed by President Muhammadu Buhari's administration, towards the country’s crippling debt crisis.
Mr Rafsanjani says that fears of the country getting another $800 million loan from the World Bank sends waves of worries in the minds of Nigerians as Nigeria’s revenue collection in 2022 stood at N10 trillion, with a debt of about N77 trillion.