Senator questions Tinubu’s fresh loan request, use of previous borrowings
“The truth is that we have approved so much funds to be borrowed in the past... ,” the senator said. The post Senator questions Tinubu’s fresh loan request, use of previous borrowings appeared first on Premium Times Nigeria .
Senator Victor Umeh, representing Anambra Central Senatorial District, has harshly criticized President Bola Tinubu over his proposal to borrow additional funds. During an interview on Channels Television's Politics Today, Umeh expressed the suffering of Nigerians under the current administration and lamented the state of the economy.
He pointed out that the nation's resources have been poorly managed. Umeh stated, “We are overborrowing. Citizens are groaning. We are suffering. Even the rich also cry now in Nigeria. The resources in the country have been poorly managed.” He questioned the government's decision to borrow more funds, especially after the removal of fuel subsidies and the increase in revenue.
Umeh urged President Tinubu to reduce the cost of governance rather than resorting to overborrowing.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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