Nigeria becoming a carcass – Moghalu kicks as FG seeks loan from World Bank

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, while speaking with journalists at the ongoing 2023 Annual Meetings of the World Bank and the International Monetary Fund in Marrakech, Morocco, confirmed the loan. Edun, who promised that there would be a coordination of monetary and fiscal policies, pledged that President Bola Tinubu’s administration will not breach Ways and Means limits. “On the talks with the World Bank on $1.

“It has free money through either International Development Association . 'It is for the poorer countries and right now I think we qualify as one of the countries that can borrow in the normal window of World Bank funding but also some concessionary IDA funding and that means that effectively the interest rate will be zero,” Edun stated. Reacting, Moghalu on his X official page said Nigeria is becoming a carcass, 'and our political class its scavengers.

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