Peter Obi, the former presidential candidate of the Labour Party, has criticized President Bola Tinubu's administration for its increasing public debt and loan borrowings. In a statement released on Thursday, Obi emphasized the importance of responsible borrowing, arguing that nations should not engage in debt accumulation without a well-defined strategy for repayment that is linked to productive investments. He expressed concern that a significant portion of the government's borrowings lacks sound economic rationale, potentially jeopardizing the country's financial stability.
Related Articles
Don't miss out on breaking stories and in-depth articles.