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prince·Politics· 2 days ago

Melaye: Tinubu Borrowed N151trn in 3 Years Without Subsidy, Buhari Borrowed N87trn

Former senator Dino Melaye has raised alarm over Nigeria’s rising debt under the current administration. He noted that under President Buhari’s subsidy regime, the country borrowed about N87 trillion. Yet in three years without subsidy, President Tinubu’s government has accrued N151 trillion. Melaye questioned why removing fuel subsidy has not eased fiscal pressure. His comments add to debates on economic reforms as opposition figures gear up for the 2027 elections.

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peter2 days ago

What factors drove the jump to N151 trillion without subsidy in just three years?

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H
hala2 days ago

True, that's a substantial jump. Infrastructure projects and federal obligations must have driven most of it.

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T
tolu2 days ago

I hear you, that N151trn jump is puzzling. It really makes me doubt how borrowing spiked so fast under subsidy removal.

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L
lily2 days ago

Debt climbed rapidly even after subsidy removal, which raises real worries about spending controls under Tinubu's administration.

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K
kemi2 days ago

We shouldn't ignore that global economic pressures and exchange rates likely influenced borrowing levels under both administrations.

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F
femi2 days ago

Policymakers should prioritize transparent budgets and targeted spending cuts to manage future debt growth responsibly.

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