Obasanjo Critiques Tinubu's Borrowing Comments as Nonsense

Former President Olusegun Obasanjo criticized President Bola Tinubu's comments regarding government borrowing, calling them “absolute nonsense.” Obasanjo made these remarks on Friday in Abeokuta, Ogun State, at the Ajibosin Platform, which focused on leveraging artificial intelligence for national development. In April, President Tinubu stated that his administration would continue to borrow when necessary, asserting that borrowing should not be viewed negatively.

He emphasized this point during a meeting with Plateau leaders, including Governor Caleb Mutfwang and Nentawe Yilwatda, the national chairman of the All Progressives Congress (APC). Tinubu remarked, “If we have to borrow, we borrow.

Borrowing is not leprosy, we just have to work hard to be able to pay for it.” His comments come amid growing public concern regarding Nigeria’s increasing debt burden and the rising share of national revenue allocated to debt servicing.