'Where's the project breakdown' – Rufai Oseni blasts Tinubu over fresh $20.5b, €1.04b loans request

Arise News anchor Rufai Oseni has expressed his disapproval of President Bola Tinubu's request for the National Assembly's approval of massive external loans. During a segment on Arise Television's Morning Show, Oseni called for a breakdown of the loan request. Earlier in the week, Tinubu had asked the National Assembly to approve $20.5 billion and €1.04 billion in external loans.

Oseni was taken aback by the President's request, questioning where the funds were intended to be allocated. He emphasized the lack of a clear project breakdown, structural terms, and an explanation of loan repayment plans, prompting the President to still seek approval without providing these details. Oseni's critique is not the only one; some Nigerians argue that borrowing without a clear plan has exacerbated the country's debt, while others urge the National Assembly to demand full disclosure before approving the request. The Presidency has yet to address Oseni's concerns.