International
FG in Advanced Talks With World Bank for Fresh $1.25bn Loan Facility
FG in Advanced Talks With World Bank for Fresh $1.25bn Loan Facility
The Federal Government is currently in advanced negotiations with the World Bank over a proposed $1.25 billion loan facility aimed at supporting economic reforms, investment growth, job creation, and improved competitiveness in Nigeria.
Details of the proposed financing were contained in a World Bank project document titled “Nigeria Actions for Investment and Jobs Acceleration,” which showed that discussions have moved into the critical decision-meeting stage of the lender’s approval process ahead of possible Board consideration on June 26, 2026.
The project has already progressed beyond the initial concept, appraisal, and negotiation stages, indicating that major policy reforms, financing terms, and implementation conditions have largely been agreed upon between Nigerian authorities and the World Bank team.
According to the document, the loan is designed “to support the government’s efforts to expand access to finance, digital, and electricity services, and strengthen competitiveness through tax, trade, and agriculture reforms.”
If approved, the facility would become one of the largest loans secured by President Bola Tinubu’s administration and the second-largest World Bank financing package obtained by Nigeria since the approval of the $1.5 billion Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing in June 2024.
The borrower is officially listed as the Federal Republic of Nigeria, while the Federal Ministry of Finance will serve as the implementing agency for the programme.
Under the World Bank approval system, the decision-meeting phase represents one of the final internal stages before projects are forwarded to the institution’s Board of Executive Directors for formal approval.
The World Bank document stated: “The review did authorise the team to appraise and negotiate,” indicating that the proposed facility has successfully passed key internal assessments and is moving closer to final approval.
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The fresh loan discussions come amid growing public scrutiny over Nigeria’s rising debt burden and increasing dependence on multilateral financing to support reforms and infrastructure development.
According to recent debt figures, Nigeria’s external debt stood at approximately $51.86 billion as of December 31, 2025, while the country’s total public debt profile has risen to about $110.97 billion.
Reports show that between June 2023 and May 2026, the World Bank approved approximately $9.35 billion in loans and credits for Nigeria across sectors including power, healthcare, education, agriculture, renewable energy, social protection, MSME financing, and fiscal reform support.
Some of the major financing packages approved during the period include the $2.25 billion RESET and ARMOR reform financing package approved in June 2024, $1.57 billion for the HOPE and SPIN programmes in September 2024, and $1.08 billion for education and resilience programmes approved in March 2025.
Analysts say the latest loan request reflects the Federal Government’s continued reliance on concessional multilateral financing to sustain ongoing reforms, support critical infrastructure, and stimulate economic growth amid declining revenues, inflationary pressures, and foreign exchange challenges.
The development also comes days after the Accountant-General of the Federation, Shamseldeen Ogunjimi, warned that Nigeria may reconsider future World Bank financing arrangements if approval and disbursement delays continue beyond six months.
Speaking in Abuja during a meeting with a World Bank delegation led by Mrs Treed Lane, Ogunjimi stressed that Nigeria expects faster processing timelines since the facilities are repayable loans and not grants.
“If approvals take more than six months, the Nigerian Government may no longer honour such arrangements,” he said, according to a statement issued by the Office of the Accountant-General of the Federation.
He further argued that prolonged approval processes could disrupt project implementation schedules, fiscal planning, and broader development objectives, urging the World Bank to accelerate the approval and disbursement of funds tied to Nigeria’s priority projects.
Economists say while multilateral loans generally offer lower interest rates and longer repayment periods compared to commercial borrowing, concerns remain over Nigeria’s rising debt servicing obligations and the sustainability of continuous external borrowing.
FG in Advanced Talks With World Bank for Fresh $1.25bn Loan Facility
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International
US Lawmakers to Hold Fresh Hearing on Nigeria’s Insecurity, Christian Killings
US Lawmakers to Hold Fresh Hearing on Nigeria’s Insecurity, Christian Killings
The United States Congress is set to hold another congressional hearing on Nigeria’s security crisis, with lawmakers expected to examine attacks on Christian communities, the Federal Government’s response and the worsening insecurity in the country’s Middle Belt.
The hearing, scheduled for Thursday, November 12, 2026, will be convened by the House Foreign Affairs Subcommittee on Africa and chaired by Republican Congressman Chris Smith.
Titled “One Year Later: Assessing Nigeria’s Efforts to Protect Christians and Secure the Middle Belt,” the session will assess the Nigerian government’s efforts to protect vulnerable communities, prevent religious violence and bring perpetrators of attacks to justice.
According to a statement from Smith’s office, lawmakers will examine violence attributed to extremist organisations, including Boko Haram and armed groups accused of targeting Christian communities.
The hearing will also consider the Nigerian government’s efforts to curb attacks against Christians and non-radical Muslim communities, as well as possible measures the United States could take to encourage greater protection of vulnerable populations.
Smith, who represents New Jersey, said the session would be his 14th congressional hearing on the persecution of Christians in Nigeria.
The proceedings will feature two panels of witnesses, including senior officials of the US Department of State and representatives of international religious freedom and policy organisations.
The first panel will feature Frank Garcia, Assistant Secretary of State for African Affairs, and Riley Barnes, Assistant Secretary of State for Democracy, Human Rights and Labour.
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The second panel will include Nina Shea, Senior Fellow and Director of the Centre for Religious Freedom at the Hudson Institute; Ryan Brown, Chief Executive Officer of Open Doors US; and Oge Onubogu, Director and Senior Fellow of the Africa Programme at the Centre for Strategic and International Studies (CSIS).
The hearing will begin at 11am Washington time, equivalent to 5pm Nigerian time, at the Rayburn House Office Building in Washington, DC. It will also be streamed live on YouTube.
The planned congressional session comes amid renewed scrutiny of Nigeria’s security and human rights record by the administration of US President Donald Trump and American lawmakers.
In November 2025, Trump redesignated Nigeria as a Country of Particular Concern (CPC) over allegations of severe violations of religious freedom, particularly attacks on Christian communities.
The designation, made under the International Religious Freedom Act of 1998, applies to countries the US government considers to have engaged in or tolerated particularly severe violations of religious freedom.
Nigeria was previously designated a Country of Particular Concern in December 2020 during Trump’s first administration but was removed from the list in November 2021 under former President Joe Biden.
The renewed designation intensified diplomatic discussions between Washington and Abuja over the protection of religious communities and Nigeria’s response to persistent insecurity.
The United States also conducted military strikes against Islamic State-linked targets in northwestern Nigeria on December 25, 2025, as part of counterterrorism operations.
Trump said the operation was directed at militants responsible for attacks on Christians, although the Nigerian government has maintained that the country’s security challenges cannot be explained solely through religious persecution.
The Federal Government has repeatedly rejected claims that Nigeria’s insecurity amounts to a systematic campaign against Christians, arguing that terrorism, banditry, kidnapping, farmer-herder clashes and communal violence affect Nigerians across religious and ethnic backgrounds.
The security situation remains particularly challenging in parts of the Middle Belt, including Benue and Plateau states, where repeated attacks have resulted in deaths, displacement and destruction of communities.
Armed groups, communal tensions, disputes over land and farming resources, and the activities of criminal networks have contributed to the violence.
The humanitarian consequences have also extended beyond Nigeria’s borders, with thousands of people fleeing attacks and seeking refuge in neighbouring countries.
The latest hearing is expected to provide American lawmakers with an opportunity to question government officials and other witnesses about the scale of the violence, measures taken to protect civilians and the effectiveness of existing security cooperation between both countries.
It will also examine possible diplomatic and policy measures Washington could pursue to encourage accountability and prevent further attacks.
Although the hearing is not a judicial determination of allegations against the Nigerian government, its discussions and recommendations could influence future congressional scrutiny and US policy towards Nigeria.
The proceedings come at a sensitive time in relations between both countries, as Nigeria continues to seek international cooperation in tackling terrorism and other security threats.
US Lawmakers to Hold Fresh Hearing on Nigeria’s Insecurity, Christian Killings
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International
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
A United Kingdom court has convicted a suspended Reform UK councillor, Glenn Gibbins, over a Facebook post suggesting that Nigerians living in his town should be melted down and used to fill potholes.
Gibbins, 66, who represents the Hylton Castle ward on Sunderland City Council, was found guilty of sending a grossly offensive message following a trial at South Tyneside Magistrates’ Court on Monday, November 9, 2026.
District Judge Zoe Passfield sentenced him to a 12-month community order, including 150 hours of unpaid work.
He was also ordered to pay £650 in court costs and a £114 victim surcharge, bringing his total financial penalty to £764.
The controversial Facebook post was published in March 2024, more than two years before Gibbins was elected to Sunderland City Council.
In the post, he complained about the number of Nigerians in the town and suggested that they should be melted down and used to fill potholes.
The message became public after the campaign group Hope Not Hate examined his social media history ahead of the May 2026 local government elections.
Despite the controversy, Gibbins won the Hylton Castle ward election with 1,295 votes under the Reform UK platform.
The party initially suspended him after the post emerged but later reinstated him following an internal disciplinary process, reportedly issuing him a final written warning.
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However, he was suspended again after police charged him in July 2026.
During the trial, Gibbins admitted making the post but insisted that it was intended as a joke and should not be taken literally.
He told the court that he had consumed a couple of cans of beer on the night he published the message and had initially attempted to share a similar post written by someone else.
When that failed, he said he typed the message himself and published it on his public Facebook account.
Describing his intention, he maintained that it was a tongue-in-cheek remark rather than a serious threat against Nigerians.
However, prosecutors argued that the statement was grossly offensive and dehumanising because it portrayed Nigerians as people who could be exterminated and reduced to materials for road construction.
Delivering her verdict, Judge Passfield rejected the councillor’s explanation, saying the post specifically targeted Nigerians as an ethnic group and reduced their status as human beings to that of materials used to fill potholes.
She said the comment was neither a genuine political argument nor part of a wider discussion about immigration.
The judge also considered Gibbins’ right to freedom of expression under Article 10 of the European Convention on Human Rights but concluded that the post was not a genuine expression of political views.
The court heard that the publication caused considerable distress among Nigerians living in Sunderland.
Godwin Ejeh, a leader in the Nigerian community, told the court that the post created fear among residents, particularly over their safety and that of their children.
He said the controversy prompted an emergency meeting within the community and a protest outside Sunderland City Hall, where Nigerians demanded an apology from the councillor.
Ejeh, who also contested a council seat under the Liberal Democrats during the May elections, denied suggestions that the matter was being used for political purposes.
He maintained that the issue was about human dignity and the safety of Nigerians living in the area.
Gibbins’ defence lawyer, Adam King, described the Facebook post as an unpleasant and unfunny joke, while raising concerns about the boundaries of freedom of expression.
The court was also told that Gibbins had no previous criminal convictions and had not committed any further offence since publishing the message in 2024.
Following the conviction, his legal team indicated that it intended to appeal the verdict at the Crown Court.
The case has attracted attention among Nigerians at home and abroad, particularly amid concerns about discrimination, xenophobia and the treatment of Nigerian communities in foreign countries.
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
![]()
International
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
A United Kingdom court has convicted a suspended Reform UK councillor, Glenn Gibbins, over a Facebook post suggesting that Nigerians living in his town should be melted down and used to fill potholes.
Gibbins, 66, who represents the Hylton Castle ward on Sunderland City Council, was found guilty of sending a grossly offensive message following a trial at South Tyneside Magistrates’ Court on Monday, November 9, 2026.
District Judge Zoe Passfield sentenced him to a 12-month community order, including 150 hours of unpaid work.
He was also ordered to pay £650 in court costs and a £114 victim surcharge, bringing his total financial penalty to £764.
The controversial Facebook post was published in March 2024, more than two years before Gibbins was elected to Sunderland City Council.
In the post, he complained about the number of Nigerians in the town and suggested that they should be melted down and used to fill potholes.
The message became public after the campaign group Hope Not Hate examined his social media history ahead of the May 2026 local government elections.
Despite the controversy, Gibbins won the Hylton Castle ward election with 1,295 votes under the Reform UK platform.
The party initially suspended him after the post emerged but later reinstated him following an internal disciplinary process, reportedly issuing him a final written warning.
However, he was suspended again after police charged him in July 2026.
During the trial, Gibbins admitted making the post but insisted that it was intended as a joke and should not be taken literally.
He told the court that he had consumed a couple of cans of beer on the night he published the message and had initially attempted to share a similar post written by someone else.
When that failed, he said he typed the message himself and published it on his public Facebook account.
Describing his intention, he maintained that it was a tongue-in-cheek remark rather than a serious threat against Nigerians.
However, prosecutors argued that the statement was grossly offensive and dehumanising because it portrayed Nigerians as people who could be exterminated and reduced to materials for road construction.
Delivering her verdict, Judge Passfield rejected the councillor’s explanation, saying the post specifically targeted Nigerians as an ethnic group and reduced their status as human beings to that of materials used to fill potholes.
She said the comment was neither a genuine political argument nor part of a wider discussion about immigration.
The judge also considered Gibbins’ right to freedom of expression under Article 10 of the European Convention on Human Rights but concluded that the post was not a genuine expression of political views.
The court heard that the publication caused considerable distress among Nigerians living in Sunderland.
Godwin Ejeh, a leader in the Nigerian community, told the court that the post created fear among residents, particularly over their safety and that of their children.
He said the controversy prompted an emergency meeting within the community and a protest outside Sunderland City Hall, where Nigerians demanded an apology from the councillor.
Ejeh, who also contested a council seat under the Liberal Democrats during the May elections, denied suggestions that the matter was being used for political purposes.
He maintained that the issue was about human dignity and the safety of Nigerians living in the area.
Gibbins’ defence lawyer, Adam King, described the Facebook post as an unpleasant and unfunny joke, while raising concerns about the boundaries of freedom of expression.
The court was also told that Gibbins had no previous criminal convictions and had not committed any further offence since publishing the message in 2024.
Following the conviction, his legal team indicated that it intended to appeal the verdict at the Crown Court.
The case has attracted attention among Nigerians at home and abroad, particularly amid concerns about discrimination, xenophobia and the treatment of Nigerian communities in foreign countries.
UK Councillor Gets 150 Hours Community Service Over ‘Melt Nigerians’ Post
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