Categories
AFNewsNG Logo
Politics Special Report

Melaye chief political entertainer - Presidency hits Dino over loan comment

Thompson Nsisongabasi

Sep 09, 2025

mail
Special Adviser Media and Public Communication to President Bola Tinubu, Sunday Dare has described former Kogi West Senator, Dino Melaye as a "Chief political entertainer.ÔÇØ

READ ALSO: Abuja-Kano Road Contract: Reps Threaten To Revoke Contract

Dare accused Melaye of trading substance for spectacle during his interview on Arise Television's Prime Time.

READ ALSO: Yusuf Buhari Declares Interest In House Of Representatives Seat -

During the interview, Melaye had accused Tinubu's administration of recklessness, stressing that it may soon borrow loans from Fintech companies, Opay and Moniepoint.

READ ALSO: FULL STORY: Kylie Jenner crashes out of Forbes billionaires league

Posting on X, tagged: "Dino Malaye's Debt Drama: Noise, Not Knowledge,ÔÇØ Dare charged Melaye to acquaint himself with basic economics.

READ ALSO: Nigeria Budgets N135bn For 2027 Election Lawsuits -

He said Melaye's comments remained an entertainment and not enlightenment until he acquainted himself with basic economics.

READ ALSO: REVEALED! How N200m Cash Was Moved From Fayose's Residence -Witness

Dare informed the former lawmaker that borrowing is a legitimate tool for financing growth and reforms.

READ ALSO: Olawepo-Hashim Resigns From PDP, Vows To Resist One Party State -

He said: "In his latest television appearance, he cast himself as Nigeria's chief political entertainer, tossing around cheap jabs about "borrowing from OPay and Moniepoint.

READ ALSO: 10th NASS: Better The Life Of Ugwunagbo/ Obingwa/Osisioma People - Ceekay Igara Charges Hon. Munachim Alozie

"But here are the facts: Nigeria's total public debt stood at 149.39 trillion as of March 31, 2025, according to the Debt Management Office. The jump from last year is not the result of reckless borrowing, but largely the arithmetic of naira depreciation.

READ ALSO: Benue North-East: I will be running for Senate in 2027 - Suswam

"When the currency adjusts, the naira value of existing external debt rises-whether or not new loans are taken.

READ ALSO: W0W! How North Korea 'tried to hack' Pfizer for vaccine info - South's spies | READ DETAILS

"Nigeria's debt-to-GDP ratio remains a moderate 40-45%, well below South Africa's 70% or Ghana's 90% plus. The real challenge lies in revenue mobilization, not runaway borrowing.

READ ALSO: Nigeria: Supreme Court Set to Decide ADC Leadership Battle | SEE DATE

"Encouragingly, revenues are improving, strengthening our capacity to service obligations.

READ ALSO: Nigerians Clearing Out Chloroquine From Stores After Trump's Comment

"Borrowing is a legitimate tool for financing growth and reforms. What matters is sustainability, not soundbites. Unfortunately, Dino prefers theatrics to truth.ÔÇØ

Related Stories

""

— Thompson Nsisongabasi

Join the Conversation

Signed in as Member