Obasanjo Faults Tinubu’s Stance on Borrowing, Calls It “Absolute Nonsense”

Former President Olusegun Obasanjo has criticised President Bola Tinubu’s position that borrowing should not be seen negatively, describing it as “absolute nonsense.” Obasanjo spoke on Friday in Abeokuta, Ogun State, during a public forum on using artificial intelligence to address grassroots challenges and accelerate national development. Tinubu had said in April that his administration would borrow when necessary, arguing that borrowing is not a problem if the country can repay its debts. The comment came amid public concern about Nigeria’s rising debt burden and the growing share of government revenue used for debt servicing.

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