Frustrated Nigerians have taken to social media to warn the World Bank against approving fresh loans for Nigeria, as concerns grow over the country’s rising debt profile, economic hardship, and worsening cost of living crisis.

Thousands of Nigerians have flooded the social media pages of the World Bank with angry reactions and warnings against granting additional loans to the Nigerian government, cbinews.tv reports.

The online outrage followed reports and discussions surrounding new financial support and loan arrangements expected between Nigeria and the World Bank amid the country’s worsening economic situation.

On platforms such as X (formerly Twitter), Facebook, and Instagram, many Nigerians expressed fears that continuous borrowing by the government could plunge the country deeper into debt while ordinary citizens continue to battle inflation, unemployment, rising fuel prices, and a weakening naira.

Several users accused political leaders of mismanaging previous loans and failing to deliver meaningful infrastructure or economic improvements despite years of borrowing from international financial institutions.

Some commenters directly appealed to the World Bank to withhold further financial assistance, arguing that the burden of repayment ultimately falls on citizens already struggling with economic hardship. Others questioned the transparency surrounding how existing loans have been utilised, demanding accountability before any fresh borrowing is approved.

The reactions come amid growing public frustration over the rising cost of living in Nigeria. Since the removal of fuel subsidy and the floating of the naira, prices of food, transportation, electricity, and basic commodities have surged sharply across the country.

Economic analysts have repeatedly warned about Nigeria’s increasing debt obligations, noting that a significant portion of government revenue is now being used to service existing debts. Despite the criticism, government officials have maintained that loans from institutions such as the World Bank are necessary to support infrastructure development, social intervention programmes, and economic reforms aimed at stabilising the economy.

The World Bank has continued to support several projects in Nigeria covering sectors such as healthcare, education, agriculture, power, and social welfare. However, the latest online backlash highlights the growing distrust many Nigerians feel toward public borrowing and economic management as millions continue to face financial hardship. The social media campaign has since gained momentum, with hashtags and comments calling for fiscal responsibility, transparency, and alternative economic solutions trending across various platforms.

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