Speaker Abbas Tajudeen Clarifies Stance on Nigeria's Borrowing, Emphasizes Responsible Debt Management

Speaker of the House of Representatives, Abbas Tajudeen, clarified his stance on Nigeria's borrowing, stating he never condemned government borrowing. He expressed concern over the country's rising debt, reaching trillions of naira.

Tajudeen emphasized the need for responsible and effective debt management to ensure borrowed funds contribute to growth and prosperity. He commended efforts by President Bola Tinubu's administration to reduce reliance on borrowing and increase revenue generation.

The Speaker's Special Adviser, Jowosimi Enitan, reiterated Tajudeen's support for borrowing when managed prudently. The statement aimed to clarify misconceptions and highlight the importance of transparent and accountable borrowing practices for Nigeria's economic progress.