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PoliticsDaily Trust·15 June 2026

Be clear-eyed about $5bn UAE loan

Reported by Daily Trust on 15 June 2026. Read the summary below, then continue to the full story.

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Daily Trust
Summary

On March 31, 2026, President Bola Tinubu announced that Nigeria had secured approval for a $5 billion loan from the United Arab Emirates’ First Abu Dhabi Bank, intended to finance critical infrastructure projects and support the expanded 2026 national budget. However, the International Monetary Fund (IMF) recently raised serious concerns about the loan because of []

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