Former Kogi West senator, Dino Melaye, says Nigeria has now become a chattered borrowing nation.
Melaye said this in a statement posted on his verified X handle on Thursday.
He said that the nation under late former President Muhammadu Buhari borrowed N83 trillion in eight years.
The former lawmaker, however, lamented Nigeria has borrowed N158 trillion in three years under incumbent President Bola Tinubu.
“Buhari with subsidy borrowed 83 trillion in 8 years while Tinubu without subsidy borrowed 158 trillion in 3 years.
“We have become a chattered borrowing nation. Where is the borrowed money please?”
DAILY POST gathered that under Tinubu, Nigeria has engaged in significant borrowing, with public debt reaching N144.67 trillion ($94.23 billion) by December 2024, rising sharply from N87.379 trillion in June 2023.
Key loans include at least 10 major external loans from the World Bank (approximately $7.2 billion) and a N1.15 trillion domestic loan to fund the 2025 budget.
Nigeria now chattered borrowing nation – Dino Melaye
