IMF Warns Tinubu Government Over Planned $5bn Loan from Abu Dhabi Bank
The International Monetary Fund (IMF) has cautioned the administration of Bola Ahmed Tinubu against proceeding with a proposed $5 billion loan from an Abu Dhabi-based financial institution, describing the move as “risky.”
According to the IMF, Nigeria’s current debt profile and fiscal pressures require careful borrowing decisions, particularly when it comes to large external loans. The institution warned that taking on additional debt without clear revenue-backed repayment strategies could worsen the country’s financial stability.
