Morning recap: APC chairmen reject Wike’s coalition, FG seeks fresh $1.5bn World Bank loan, other top stories

punchng.com · economy
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State chairmen of Nigeria's ruling APC have refused to work with Nyesom Wike's Rainbow Coalition. They want the FCT minister to defect to the APC outright, and they say the coalition is not a partner they recognise. Wike, a former Rivers governor, has been building his own political platform since his break with the PDP establishment. On the economic side, the federal government is asking the World Bank for a fresh loan of 1.5 billion dollars. The request comes on top of earlier borrowing that has drawn criticism over the country's rising debt. Details about what the new money would fund have not been laid out in the report. Between the coalition quarrel and the loan bid, the government is fighting on political and financial fronts at once.

APC state chairmen have rejected Nyesom Wike’s Rainbow Coalition, demanding he defects. Also, the FG is seeking a fresh $1.5bn World Bank loan. Read More: https://punchng.com/morning-recap-apc-chairmen-reject-wikes-coalition-fg-seeks-fresh-1-5bn-world-bank-loan-other-top-stories/

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