Debt worse than leprosy, Obasanjo replies Tinubu

Former President Olusegun Obasanjo has criticized President Bola Tinubu’s stance on borrowing, stating that Nigeria’s mounting debt is "worse than leprosy." Speaking on Friday at the Ajibosin Platform in Abeokuta, Ogun State, Obasanjo argued that while leprosy affects a single person, debt destroys entire generations.

The remarks serve as a rebuttal to comments made by President Tinubu in April, during which he stated that borrowing is not leprosy and that his administration would continue to borrow whenever necessary to facilitate repayment through hard work. According to Daily Post Nigeria, Tinubu made those comments during a meeting with Plateau leaders at the State House.

During the forum, Obasanjo also questioned the devaluation of the naira, noting that the exchange rate was N1 to $1.85 when he began farming 47 years ago, compared to the current rate of N1,500 to a dollar.

Brief written by urgent.news from Punch, Punch Nigeria, Daily Post Nigeria — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.