Newsbrief: African Nations Must Regulate ‘Debt Trap’ Loans — Malema South African opposition leader Julius Malema has warned African nations against “debt trap” loans from the World Bank, IMF, and similar institutions, saying such borrowing can mortgage the continent’s future. Speaking at the Nigeria Bar Association Annual General Conference in Enugu, Malema highlighted South Africa’s Public Finance Management Amendment Bill, aimed at requiring parliamentary approval for foreign loans and ensuring transparency in their terms. He also called for stronger Nigeria–South Africa cooperation in industrialisation, resource processing, and economic self-sufficiency, asserting that Africa’s future lies within the continent, not in foreign capitals. By Emmanuel Egobiambu | Updated August 24, 2025 #AfricaDebtCrisis #JuliusMalema #EconomicFreedom #NigeriaSouthAfricaPartnership

💰 Youth Movement Urges National Assembly to Reject Tinubu’s $21.5 Billion Loan Request The Nigerian Youth Movement (NYM) has called on the National Assembly to reject President Bola Tinubu’s proposed $21.5 billion loan request, citing concerns over the nation’s escalating debt profile and potential economic repercussions. In a statement reported by Sahara Reporters, the NYM emphasized that approving such a substantial loan could further burden future generations and undermine Nigeria’s economic sovereignty. They urged lawmakers to prioritize fiscal responsibility and explore alternative solutions to address the country’s financial challenges. The youth-led organization highlighted the importance of transparency and accountability in governmental financial decisions, stressing that unchecked borrowing could lead to long-term economic instability. This appeal comes amid growing public discourse on Nigeria’s debt sustainability and the need for prudent economic management. #RejectTheLoan #NigerianYouthMovement #FiscalResponsibility #NigeriaDebtCrisis

“Your Officials Are Embezzling the Loans” — PRP Slams Tinubu Govt Over New Borrowing Plans The People’s Redemption Party (PRP) has harshly criticized the Tinubu administration over its recent plans to secure fresh loans, accusing top government officials of embezzling previously borrowed funds. In a strongly worded statement, the party warned that continuous borrowing without transparency is driving Nigeria deeper into a debt crisis, while citizens see no real improvement in their daily lives. PRP called for an immediate audit of all past loans and demanded accountability from the federal government. #Tinubu #PRP #NigeriaDebtCrisis #StopTheLoans #GovernmentAccountability #Embezzlement

Nigeria Heading Toward ₦183 Trillion Debt? Atiku Blasts Tinubu’s Borrowing Spree President Bola Tinubu is facing heavy criticism following reports of new borrowing plans under his administration. Former Vice President Atiku Abubakar has led the charge, labeling the move as “economic sabotage” and warning that additional loans could push Nigeria’s total debt to a staggering ₦183 trillion. Atiku cautioned that the continued reliance on borrowing, without visible economic growth or sustainable repayment strategies, could plunge the country deeper into a financial crisis. He urged the government to explore more productive ways of funding the budget and managing the economy. The controversy has sparked nationwide debate, with economists and citizens expressing growing concern over Nigeria’s rising debt burden and the long-term implications for future generations. As public pressure mounts, all eyes are now on the Tinubu administration for a clear response and a transparent breakdown of the borrowing plan. #Tinubu #Atiku #NigeriaDebtCrisis #FreshBorrowing #EconomicSabotage #₦183TrillionDebt

Debt Drama: Tinubu’s Numbers vs CBN’s Reality President Bola Tinubu recently claimed that Nigeria’s debt service-to-revenue ratio has dropped significantly to 40%, signaling what he described as progress in fiscal management under his administration. However, this statement appears to contradict the Central Bank of Nigeria’s (CBN) latest data, which puts the figure at a staggering 112%. The discrepancy has sparked widespread concern and debate among economists, analysts, and citizens, who are questioning the accuracy of the president’s claims and the transparency of the country’s financial reporting. Experts warn that a high debt service-to-revenue ratio means a large portion of government income is being used to repay loans, leaving little room for capital projects and public services. With inflation and economic hardship already biting hard, the contrasting figures raise more questions than answers. Calls are mounting for the presidency and the CBN to clarify the conflicting statistics and provide a true picture of Nigeria’s fiscal health. #Tinubu #NigeriaEconomy #DebtCrisis #CBN #PublicFinance #DebtToRevenue