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Borrowing under Tinubu administration strategic, not reckless - APC tells Obi

Thompson Nsisongabasi

Sep 11, 2025

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The All Progressives Congress, APC, in Lagos State says borrowing under the administration of President Bola Tinubu is to fund development through building of critical infrastructure.

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Lagos APC spokesman, Mr Seye Oladejo, in a statement on Thursday titled 'Peter Obi's Borrowing Hypocrisy: Physician, Heal Thyself', berated the 2023 Labour Party presidential candidate's criticism of Tinubu's borrowings.

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DAILY POST reports that the former Anambra governor had called on accountants to confront the Tinubu-led Federal Government over what he called "reckless borrowings".

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Oladejo advised Obi to play to his strengths in politics, "as topics bordering on finance, economy, development, and social policy remain his enduring handicap."

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According to him, borrowing under the present administration is strategic, tied to projects and funding of productive sectors.

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"First, borrowing is not inherently reckless. What matters is purpose and prudence.

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"Under President Bola Ahmed Tinubu, borrowing is strategic, tied to critical infrastructure, energy, transportation, and productive sectors.

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"This is the globally accepted practice-even the most advanced economies borrow to fund growth.

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"Second, Peter Obi has no moral authority to lecture anyone about prudence.

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"Nigerians remember that as governor, he left behind unpaid pensions, collapsing infrastructure, and poor human capital indices," Oladejo said.

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He said that Obi had consistently displayed extravagant tendencies,adding it was a contradiction that he was going about giving sermons on prudent management of resources.

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"For someone who flew around the world in private jets during his campaign while sermonising about cutting costs, the contradictions are glaring," he said.

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According to him, unlike Obi's motivational-speech politics, Tinubu is taking bold, necessary steps to reset the economy.

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"Subsidy removal, currency reforms, and targeted borrowing are difficult but inevitable measures to secure Nigeria's future. This is leadership in action - not empty moralising," he added

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— Thompson Nsisongabasi

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