Tinubu Defends Fresh Loans, Says Nigeria Must Borrow To Build $1tn Economy

Tinubu Defends Fresh Loans, Says Nigeria Must Borrow To Build $1tn Economy

The President said the focus should be on what the borrowed money would achieve rather than how much the government was borrowing.

Nigeria: Tinubu Knocks Opponents Over Borrowing, Says Investments Will Expand Opportunities

President Bola Tinubu has issued an official response to critics, especially opposition leaders, of his government's new loans from international institutions and banks.

Tinubu defends fresh borrowing, targets $1tr economy by 2030 - Lagos Television

President Bola Tinubu has defended his administration’s plans to secure additional external loans, insisting that investments in critical infrastructure are necessary to achieve a $1 trillion economy by 2030. The President’s position comes amid growing criticism from the Nigeria Labour Congress (NLC) and opposition figures, who have questioned the need for further borrowing despite increased...

Tinubu defends $21.7 billion loans, says Nigeria needs infrastructure to reach $1 trillion economy

President Bola Tinubu has defended his administration’s borrowing plans, arguing that loans should be assessed by the infrastructure they deliver, the economic value they create and their long-term benefits to Nigerians.

Amid debt criticism, Tinubu defends fresh loans, unveils $1trn growth strategy

President Bola Tinubu has defended his administration’s growing reliance on foreign loans, insisting that borrowing should be judged by the infrastructure delivered, economic value created and opportunities generated for future generations. Responding to mounting criticism, particularly from opposition figures, over Nigeria’s recent borrowing from international financial institutions and commercial lenders, Tinubu said the focus should shift fro…

From reforms to delivery: Our infrastructure investment and growth strategy, by Bola Ahmed Tinubu

Since 2023, we have made difficult but necessary decisions: removing the petrol subsidy, unifying the exchange rate, modernising the tax framework, and coordinating action on inflation. These reforms have restored macro balance, quadrupled federation revenue since 2021 and rebuilt the credibility of the State’s balance sheet. The results are now visible: real GDP growth reached […] The post From reforms to delivery: Our infrastructure investment…