July 4, 2026
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Global lender warns Nigeria of looming insolvency

The World Bank, for the umpteenth time on Wednesday, warned that Nigeria is currently on life-support with death imminent if it chooses to sustain the current subsidy on petroleum products. This came against the backdrop ofthe Nigerian Government’s projection to spend N6.7trillion on petrol subsidy payments in 2023, The global lender said this through Rajul Awasthi, senior