According to Lagos State’s All Progressives Congress (APC), borrowing during President Bola Tinubu’s government is meant to finance growth by building essential infrastructure.
In a statement headed “Peter Obi’s Borrowing Hypocrisy: Physician, Heal Thyself,” released Thursday, APC Spokesman Mr. Seye Oladejo criticized the 2023 Labour Party (LP) Presidential Candidate for criticizing Tinubu’s borrowings.
The former governor of Anambra has urged accountants to challenge the Tinubu-Federal Government over what he describes as “reckless borrowings,” according to the News Agency of Nigeria (NAN).
Given that “topics bordering on finance, economy, development, and social policy remain his enduring handicap,” Oladejo counseled Obi to capitalize on his political skills.
He claims that the current administration’s borrowing is strategic and linked to funding and initiatives in productive areas.
advertisements by “First, borrowing is not always careless.” Prudence and purpose are what count.
Borrowing is strategically linked to vital infrastructure, energy, transportation, and productive sectors under President Bola Ahmed Tinubu.
Even the most developed economies borrow money to finance expansion; this is a widely recognized practice.
Second, Peter Obi lacks the moral authority to provide advice on prudence to anybody.
“Nigerians recall that during his tenure as governor, he left behind poor human capital indices, crumbling infrastructure, and unpaid pensions,” Oladejo stated.
He claimed that Obi had continuously exhibited excessive inclinations and that it was contradictory for him to be preaching about wise resource management.
“The contradictions are glaring for someone who traveled the world in private jets during his campaign while preaching about cost-cutting,” he added.
In contrast to Obi’s motivational-speech politics, he claims Tinubu is resetting the economy with decisive, essential measures.
Targeted borrowing, currency changes, and the elimination of subsidies are tough but necessary steps to safeguard Nigeria’s future. “This is not just empty rhetoric; this is leadership in action,” he continued.
“He is out of depth and out of place,” he said, urging Obi to abstain from making remarks on important financial and governance issues.
According to Oladejo, Obi was occupied creating soundbites, while Tinubu was constructing Nigeria’s future.
One is a motivational speaker, and the other is a reformer. He claimed that Nigerians are aware of the distinction.
