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
@Hybrid_Ola@FOLA41419978 Stfu and quietly read through the short convo between you and the airhead i responded to in this line of chat and see what your tweet suggests. You are marvelously dumb bro.
@OloriOfOloris And you are over 35yrs old but still tweet rubbish and relentlessly fooling online for elon money. But you want someone with talent and career to quit his hustle because his hardwork does not fit into your sentiment and dumb bias system. Fukoff old wh*re.
@enney4real@PulseNigeria247 Its obvious you recently learnt the word "pathetic" or you have serious beef with comprehension😁.
Baba sey na "Thats pathetic" 🤣
@Karigwe Hehehehe: Be careful with the kind of sarcasm stunt you pull here, man you will be mobbed for this😁. This will fly over lots of people head in speed of light because nobody wan dey waste time to analyze tweets sometimes.
Anyways, we would really wish for that debate oo.
The best hospital in Central America.
With every medical specialty, the most advanced technology in the world, and top-quality care.
Public. Dignified. Free. For everyone.
@callmeijeoma Why dem no go break up, when you have decided to monetize cohabitation by turning it into a content. It showed that they are into relationship for the wrong reasons.
Additionally, it helps you not to waste each others time by making you both understand each other better &deeper.
@de_generalnoni@MFaarees_ Thats all you are good at, mobilizing people to hate others and as well creating religious and inter-ethnic tensions. Anyways, politics of bigotry is your forte. Dunderhead!
@MPhilimon61163@MFaarees_ Wow! If this is the new gullibility then its a bliss.
Cheers to you the "UN-stupid one" that sees Tinubu as a great President and in fact deserving of a second term.
Zombie eh Zombie.