‘Proof of imprudent governance’ – Peter Obi blasts Tinubu Govt’s over excessive borrowing

The Nigeria Democratic Congress, NDC, statesmanlike candidate, Peter Obi, has blasted the medication of President Bola Tinubu implicit what helium described arsenic excessive borrowing.

Writing successful a station connected his verified X grip on Tuesday, Obi said the incessant indebtedness postulation is impervious of imprudent governance.

He said Tinubu’s medication has engaged successful remarkably imprudent borrowing, escalating Nigeria’s full indebtedness to astir N200 trillion.

The erstwhile Anambra authorities politician added that it represents an summation of implicit N100 trillion wrong a specified 3 years, a stark opposition to the astir N49 trillion accumulated during President Muhammadu Buhari’s eight-year tenure, which would person projected to astir N80 trillion.

According to him, arsenic millions of Nigerians grapple with the daze of the existent administration’s unsustainable indebtedness accumulation, the concern is exacerbated by the government’s reckless attack to borrowing and a profound lack of accountability and transparency successful the utilisation of these funds.

“Excessive borrowing without accountability is simply a further affirmation of imprudent governance.

“The information from...