Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), has openly voiced his concerns regarding the Nigerian federal government’s intention to secure a $1.5 billion loan from the World Bank.
This issue was brought to light on a specific platform known as “X.”
Reacting, Moghalu wrote:
“There is a real problem when Nigeria is set to borrow another $1.5 billion from @WorldBank for budget support, and SUVs worth N160 million each are reportedly to be bought for 360 members of the House of Representatives. We are not yet serious as a country.
“Nigeria is becoming a carcass, and our political class its scavengers.”
