Excessive Borrowing Without Accountability: Further Affirmation of Imprudent Governance.
President Bola Tinubu's administration has engaged in remarkably imprudent borrowing, escalating Nigeria's total debt to approximately N200 trillion. This represents an increase of over N100 trillion within a mere three years, a stark contrast to the roughly N49 trillion accumulated during President Muhammadu Buhari's eight-year tenure, which would have projected to around N80 trillion. As millions of Nigerians grapple with the shock of this unsustainable debt accumulation, the situation is exacerbated by the government's reckless approach to borrowing and a profound absence of accountability and transparency in the utilisation of these funds.
For instance, data from the Federation's Budget Office reveals that the Bola Tinubu government borrowed N11.89 trillion in the first three quarters of 2025 (January to September), exceeding the planned borrowing target of N10.34 trillion by approximately N1.54 trillion. Under a responsible and accountable government, such an overshoot would necessitate rigorous scrutiny and explanation from relevant governmental bodies. Regrettably, this is not the reality under the current administration.
Compounding this issue, only N3.10 trillion of the borrowed funds was allocated to capital expenditure during the same January-September 2025 period. This constitutes a mere 17.66% of the N17.58 trillion earmarked for capital projects, leaving a deficit of roughly N14.48 trillion, or 82.34% of planned capital expenditure unfunded.
The most disturbing aspect of the financial management fiasco under Bola Tinubu is that there is no explanation or information regarding how the balance was utilised or deployed. The question that Nigerians are rightly asking and deserve an answer to is what happened to the balance? Was it deployed for recurrent expenditure/ consumption, for the entertainment of guests to Aso Rock or transferred to the Renewed Hope Agenda 2027 Election Campaign Fund? Nigerians deserve an answer on how our economy and resources are most unpatriotically managed.
A New and Productive Nigeria is POssible, and Nigeria will be OK!
-PO
A presidential aspirant was attacked.
The president is yet to say anything.
The police are silent.
The NASS is silent.
Nigeria is not a normal country.
After Pastor has discouraged you from giving vaccine to your kids, he will be waiting for you to bring the kids to him for prayers from vaccine preventable diseases years later.
Sebi your Apostles now know more than Scientists abi?
“Nigeria is the dustbin of Africa, we are the dwarf of Africa, we’re just giant on paper, other African countries have left us behind” — Isaac Fayose left in shock after he visited Morocco.
Christians shouldn't have to live under the daily threat of being murdered by Islamists when they worship God in Church
This is a genocide of Christians
What Empty Nigeria booths in TICAD9 mean
The empty Nigerian booths in the ongoing Ninth Tokyo International Conference, TICAD9, in Japan do not just define the empty promises of this government for the past two years, they also reflect the consistent emptiness Nigerians have been fed at home by this government. Even the defence being put forward by the government, that they only wanted to have more “strategic engagements” is the same tired excuse we have heard over and over again.
This government has mastered the art of throwing around wrong statistics and misleading statements, not to provide real solutions, but to camouflage the emptiness of its performance and the suffering it has inflicted on Nigerians.
The empty booths at TICAD are not just about a diplomatic embarrassment, they are a clear symbol of the hollow promises and empty governance that our citizens have endured.
Just as those booths stood empty in Japan, so too have the lives of millions of Nigerians been left empty, with empty hope, empty relief and empty of the progress they were promised. The truth is unavoidable, the empty booths abroad are a physical reminder of the empty promises at home.
We must do better as a nation.
A New Nigeria is POssible. -PO
My Fellow Compatriots,
As we thank God and enter a new year, 2024, I send my heartfelt and warmest greetings to all Nigerians: from my family and I, to you and yours. May the Almighty God bless you all richly and grant your good heart desires in the new year and beyond.
I felicitate with the Muslim faithful in Nigeria on this occasion of Eid-El-Maulud in commemoration of the birthday of the holy Prophet Muhammed. May this celebration remind us of the need to love and care for one another, according to the virtues of the holy Prophet Muhammed.
Invest in yourself. Invest in your personal and professional development. Invest in becoming more educated, skilled and valuable to businesses and to society.