The World Bank has restricted comments on its Instagram page following a wave of backlash from Nigerians protesting President Bola Tinubu’s plan to secure a fresh $1.25 billion loan.
Nigerians flooded the institution’s social media platforms with messages urging it to halt further lending, citing rising debt, inflation, and worsening economic hardship. Comments including “STOP GIVING NIGERIA FRESH LOANS!” and “PLEASE STOP GIVING TINUBU LOANS” trended across X and Instagram.
The proposed facility, titled Nigeria Actions for Investment and Jobs Acceleration, is expected to be presented for approval on June 26, 2026. If approved, it would be the second-largest single World Bank loan under the Tinubu administration.
The backlash comes as Nigeria’s public debt hit ₦159.28 trillion in December 2025. A petition titled “Compel The World Bank to stop giving Nigeria loans” has also gained traction online.
The Federal Government says the loan will fund economic reforms, electricity expansion, digital infrastructure, agriculture, and job creation programs.
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