Photos: “Stop giving loans to Nigeria”, ActionAid, others protest Nigeria’s rising debt, borrowing

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ActionAid Nigeria, market women, university students and other civil society groups on Thursday staged a protest at the gate of the Federal Ministry of Finance over Nigeria’s rising debt stock and the Federal Government’s continued borrowing.

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The protesters called on the Federal Government to reconsider further borrowing, while urging the World Bank and International Monetary Fund, IMF, to stop extending additional loans to Nigeria.

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They said continued borrowing was placing a growing burden on Nigerians and called on the international financial institutions to “let Nigeria breathe.”

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The protesters, who gathered at the ministry’s premises, expressed concerns over the country’s debt accumulation and its implications for citizens and the economy.

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They urged the government to explore alternatives to further borrowing and prioritise measures that would address the economic pressures facing Nigerians.

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The demonstration was organised as part of growing civil society concerns over Nigeria’s debt profile and the government’s borrowing policies.

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See photos:

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