Thursday September 11, 2025
By TheNewsDESK |
The All Progressives Congress, APC, in Lagos State states that borrowing under the administration of President Bola Tinubu is intended to fund development through the construction of critical infrastructure.
The APC Spokesman, Mr Seye Oladejo, in a statement titled “Peter Obi’s Borrowing Hypocrisy: Physician, Heal Thyself” on Thursday berated the 2023 Labour Party’s, LP, Presidential Candidate’s criticism of President Tinubu’s borrowings.
The News Agency of Nigeria, NAN, reports that the former Anambra governor has called on accountants to confront the Tinubu-Federal Government over what he calls “reckless borrowings.”
Oladejo advised Obi to play to his strengths in politics, “as topics bordering on finance, economy, development, and social policy remain his enduring handicap.”
According to him, borrowing under the present administration is strategic, tied to projects and funding of productive sectors.
“First, borrowing is not inherently reckless. What matters is purpose and prudence.
“Under President Bola Ahmed Tinubu, borrowing is strategic, tied to critical infrastructure, energy, transportation, and productive sectors.
“This is the globally accepted practice-even the most advanced economies borrow to fund growth.
“Second, Peter Obi has no moral authority to lecture anyone about prudence.
“Nigerians remember that as governor, he left behind unpaid pensions, collapsing infrastructure, and poor human capital indices,” Oladejo said.
