Tinubu Defends Borrowing as Essential for Economic Growth

President Bola Ahmed Tinubu addressed the necessity of borrowing for national projects, stating that it is not a "disease" but a strategic financial tool essential for economic growth. During a recent session, he dismissed the stigma often associated with national debt, explaining that no country can achieve significant development milestones without leveraging financial strategies.

Tinubu emphasized that the current administration is committed to building infrastructure and creating an environment conducive to economic thriving. He reassured stakeholders that the ability to manage and settle debt obligations is crucial, asserting that borrowing should not be viewed negatively.

The president highlighted that borrowing remains a standard practice among global powers seeking expansion and that Nigeria's debt profile needs to be reframed positively.