Melaye Warns of Tinubu's Borrowing Trend, Raises Concerns Over Spending

Former Senator Dino Melaye has criticized President Bola Tinubu's administration for its borrowing practices and extravagant spending. Melaye expressed concerns about the government's increasing reliance on loans, suggesting that Tinubu's administration might resort to borrowing from fintech companies in the near future.

Melaye's comments come amidst growing apprehension over the government's borrowing spree, with the Senate recently approving a $21 billion loan from the World Bank. The former lawmaker highlighted the need for fiscal responsibility and transparency in government spending to avoid financial instability and debt accumulation.