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peter·Business· Jul 17, 2026

Arise TV’s Rufai Oseni Breaks Down Over Nigeria’s Debt Woes

During the Arise TV Morning Show, Rufai Oseni became emotional as he reflected on Nigeria’s shift from a creditor to a debtor. He noted that on December 24, 1974, Nigeria provided $240 million in net resources to the World Bank and lent $120 million to the IMF. Today, the country struggles under a rising debt profile amid continuous government borrowing. Oseni’s tears highlight growing public concern over mismanagement and looting of national resources.

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