Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the blogar domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/thetytsc/public_html/wp-includes/functions.php on line 6260
Shehu Seeks World Bank Apology Over Loan Delays
Skip to main content

The Traffic NG

  • info@thetraffic.ng
  • 7 Nasir El Rufai Crescent, Guzape
THE TRAFFIC NG LOGO
THE TRAFFIC NG LOGO
ADVERTISE WITH US
Mahdi Shehu

Public affairs commentator Mahdi Shehu has called on the World Bank to issue an apology to Nigerians over what he described as persistent delays in the approval and disbursement of loans, warning that failure to do so could result in legal action.

Shehu made the demand in a statement on Sunday, expressing concern that the delays have negatively impacted development efforts across key sectors of the Nigerian economy. According to him, funds expected to support infrastructure, healthcare, and social programmes have been held up, slowing down critical projects.

He argued that the situation has placed additional strain on government planning and execution, particularly at a time when Nigeria is grappling with economic challenges and requires timely financial support from international partners.

READ ALSO: Wike Dismisses NBA Criticism, Defends Judges’ Housing

The commentator further alleged that the delays may amount to a breach of obligations, insisting that Nigerians deserve transparency and accountability in dealings involving public funds and international financing agreements.

Shehu warned that if the World Bank fails to acknowledge the concerns and offer an apology, affected stakeholders may be left with no option but to explore legal avenues to seek redress.

He also urged Nigerian authorities to take a more proactive stance in engaging with the global lender to ensure that future agreements are honoured without unnecessary setbacks.

While the World Bank is yet to officially respond to the allegations, the development adds to ongoing scrutiny of international financial institutions and their role in supporting economic growth in developing countries.

Analysts say the outcome of the situation could influence Nigeria’s future engagements with global lenders, especially as the country continues to seek funding for major development projects.

The Traffic NG
Mahdi Shehu
Amarachi Ihesiulo
The Traffic NG

Categories

Search
Recent Post
Tinubu
Tinubu Extends Europe Stay, Returns Weekend
  • September 21, 2026
  • 3 min read
Diphtheria
Diphtheria: Why Preventable Diseases Keep Killing Nigerians
  • September 21, 2026
  • 10 min read
aviation
Nigeria’s Aviation Boom Faces a Reality Check
  • September 21, 2026
  • 10 min read
    Featured Videos
    All Tags
    ADC AFCON Alhaji Atiku Abubakar Aliko Dangote Anthony Joshua APC Atiku Abubakar aviation CBN Court Customs Dangote EFCC FIFA First Lady First Lady Senator Oluremi Tinubu FRSC Gov. Hope Uzodimma Governor Hope Uzodimma INEC JAMB Lagos Lionel Messi NDLEA Nigeria NSC Nyesom Wike NYSC Oil PDP Peter Obi Police President Bola Ahmed Tinubu President Bola Tinubu Senate Senator Oluremi Tinubu sports Sunday Dare Super Eagles Taiwo Oyedele Tax Troops United Nigeria Airlines Vice President Kashim Shettima Victor Osimhen

    Related Posts

    APC-PCC
    Politics
    APC Challenges Obi Over Anambra Debt, Salary Claims
    Atiku, Mambilla
    Politics
    ONE MAN, NINE CURRICULUM OF FRAUD: THE ATIKU DOSSIER
    APC-PCC
    Politics
    APC Challenges Atiku To Explain Legal, Fiscal Basis Of Petrol Subsidy Plan
    Festus Keyamo
    Politics
    Keyamo Says APC Bye-Election Wins Significant Ahead of 2027

    © 2025. All rights reserved  - Developed by ICS.