Tinubu Leads FEC Meeting Amid Debt Management Concerns

President Bola Ahmed Tinubu presided over a Federal Executive Council (FEC) meeting at the State House in Abuja. During this meeting, former Labour Party presidential candidate Peter Obi expressed concerns regarding the administration's approach to public debt.

Obi criticized the government's borrowing practices, stating that Nigeria should not engage in reckless borrowing without a clear repayment strategy. He emphasized that the current borrowing is not being utilized for productive investments, likening the situation to a "leprosy killer cancer" that is not being managed properly.

Obi's statements reflect a broader concern about the implications of the Tinubu administration's debt accumulation on the Nigerian economy, urging that borrowing should benefit the Nigerian people rather than merely serve as a justification for fiscal policies.