Bola Ahmed Tinubu has defended his administration’s borrowing strategy while accusing political adversaries of exploiting Nigeria’s security challenges for personal gain.
Speaking during a closed-door meeting in Abuja on Tuesday, the president approved ₦2 billion in federal assistance for victims affected by recent violence in Plateau State. The support follows a wave of attacks, including a March 29 incident that reportedly left more than 28 people dead and triggered retaliatory violence in Jos.
Addressing concerns over Nigeria’s growing public debt, now estimated at ₦159.28 trillion, Tinubu maintained that borrowing remains a practical tool for economic development if managed responsibly.
He emphasized that debt should not be viewed negatively, stressing that repayment through productivity and economic growth is key.
“Borrowing is not leprosy; what matters is our ability to work hard and repay,” the president stated, reinforcing his administration’s stance amid ongoing legislative approvals for additional loans.
Tinubu also attributed the country’s persistent insecurity to political opponents, alleging that some actors are attempting to destabilize his government ahead of future elections. He insisted that such efforts would not deter him, reaffirming his intention to seek re-election in 2027 despite rising public concerns over inflation, economic hardship, and violence.
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Declaring his resolve, Tinubu described himself as a determined leader unwilling to yield to pressure, signaling a firm political stance as Nigeria navigates complex economic and security challenges.
