Nigeria now chattered borrowing nation – Dino Melaye

Former Kogi West senator, Dino Melaye, says Nigeria has present go a chattered borrowing nation.

Melaye said this successful a connection posted connected his verified X grip connected Thursday.

He said that the federation nether precocious erstwhile President Muhammadu Buhari borrowed N83 trillion successful 8 years.

The erstwhile lawmaker, however, lamented Nigeria has borrowed N158 trillion successful 3 years nether incumbent President Bola Tinubu.

“Buhari with subsidy borrowed 83 trillion successful 8 years portion Tinubu without subsidy borrowed 158 trillion successful 3 years.

“We person go a chattered borrowing nation. Where is the borrowed wealth please?”

DAILY POST gathered that nether Tinubu, Nigeria has engaged successful important borrowing, with nationalist indebtedness reaching N144.67 trillion ($94.23 billion) by December 2024, rising sharply from N87.379 trillion successful June 2023.

Key loans see astatine slightest 10 large outer loans from the World Bank (approximately $7.2 billion) and a N1.15 trillion home indebtedness to money the 2025 budget.

Read Entire Article