Obi Cautions Tinubu on Debt Strategy, Says Consumption-Focused Borrowing Endangers Economy
Peter Obi has taken issue with President Bola Tinubu’s recent justification of government borrowing, contending that directing loans toward consumption instead of production undermines Nigeria’s long-term economic health. He characterized the approach as not just a chronic problem, but a destructive condition that could erode the nation’s fiscal foundation. Obi noted that borrowing is not…