Tinubu Defends Borrowing as Key to Economic Growth
President Bola Tinubu has defended his administration’s decision to continue borrowing, describing it as a necessary strategy for national development rather than a fiscal weakness.
Speaking on the issue, the President stressed that the focus should be on how borrowed funds are utilised and the country’s capacity to repay, not on borrowing itself. He maintained that loans would remain an option as long as they are directed toward productive sectors.
“If we have to borrow money, we will, because borrowing is not leprosy; we just have to work hard to be able to repay it,” President Bola Tinubu says.
The administration, he noted, is prioritising infrastructure and economic expansion, with the expectation that such investments will strengthen revenue generation and support debt servicing.
The position signals an effort to reframe public perception of Nigeria’s debt profile, presenting borrowing as a standard economic tool used by developing and advanced economies alike.
The remarks come amid ongoing public concern over rising debt levels, but the government insists that disciplined use of loans can drive growth and long term stability.
