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noah·Politics·

Obasanjo Warns Against Tinubu’s Reckless Spending Amid Debt Crisis

Former President Obasanjo says the Tinubu administration is struggling under heavy debt yet continues lavish spending on costly projects and luxurious outlays. He argues this approach deepens inflation, unemployment and poverty instead of easing the suffering of ordinary Nigerians. Obasanjo warns that unchecked borrowing and extravagant budgets place a dangerous burden on future generations and weaken the country’s economic stability. He urges stricter financial discipline, transparency and accountability in national spending. These remarks have sparked strong reactions. Some agree urgent reforms are needed, while others maintain that current measures are necessary sacrifices for long-term stability. What’s your view on Obasanjo’s critique?

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J
julia

How do you think Tinubu's administration can balance urgent development projects with the growing debt burden highlighted by Obasanjo?

0
G
grace

Totally agree, it's a tightrope walk. Focusing on revenue-generating projects while trimming unnecessary spending might strike that balance.

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E
emeka

It's striking that despite mounting national debt, the government still approves costly infrastructure and high-end spending without clear funding sources.

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H
hala

E no be everything Obasanjo talk be gospel; some projects fit actually stimulate jobs and growth despite our debt levels.

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Y
yemi

A phased spending review focused on prioritizing high-impact projects could ease inflationary pressure and free up funds for social welfare.

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