“Borrowing is not Leprosy”: Tinubu Defends Loans In Trending Video
- President Bola Ahmed Tinubu defended borrowing as necessary for national development amidst rising public debt concerns
- Nigerians expressed strong reactions to President Tinubu's comments on borrowing and national budget management
- Public critiques highlight fears of increased debt impacting Nigeria's financial stability and governance
Legit.ng journalist Adekunle Dada has over 8 years of experience covering metro, government policy, and international issues
FCT, Abuja - President Bola Ahmed Tinubu has insisted that his administration will continue to borrow for infrastructure development whenever necessary.
Legit.ng reports that President Tinubu asked the Senate to approve a fresh $516m loan from Deutsche Bank to fund sections of the Sokoto–Badagry Super Highway.

Source: Facebook
The 1,000-kilometre project is designed to connect Nigeria’s North-West and South-West, cutting travel time between Sokoto and Lagos almost in half.
The federal lawmakers said the highway could be a major boost to trade, food security, and national integration

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President Tinubu said borrowing for development should not be viewed negatively.
Tinubu stated this on Wednesday, April 29, 206, during a meeting with Plateau leaders led by Governor Caleb Mutfwang, and Nentawe Yilwatda, national chairman of the All Progressives Congress (APC).
“If we have to borrow, we borrow. Borrowing is not a leprosy; we just have to work hard to be able to pay for it.”
President Tinubu’s comment comes amid rising public concern over Nigeria’s growing debt burden.
Nigerians have expressed concern over the increasing share of national revenue committed to debt servicing.
Nigerians react as Tinubu defends borrowing
@zainababbaharuna414
But we don't have to borrow. You can't withhold 2 years budget and then go borrowing to cover up for that. Where did the money go to. Thiefnubu, what hard work have you cut out for us? Taxation right? Who are those laughing and clapping?
@alexfreemind5143
This man really wants to finish Nigeria using borrowing of loans as a tool to cripple Nigeria to zero.
@DANYAROYAKUBU
Borrow for what reason, borrow to steal, is not allowed. Where is the subsidy money? This is cruel and insensitive.
@ihediohaifeanyi2916
What are they clapping for? Ahhh, the start clapping. The reason these people see us finish is because we don't have sense.
@OluwatosinFooted
Baba Go Rest! The Country Is Bleeding.
@abujaexplorer
Tell me this is AI

Source: Facebook
Reps approve Tinubu’s request to borrow $516m
Recall that the House of Representatives approved President Tinubu’s request to borrow $516,333,007 for infrastructure development.
Deputy Chairman Abdullahi Rasheed presented the committee report, which lawmakers adopted before ratifying the loan request during plenary.
The approved loan was designated to support the construction of sections of the Sokoto–Badagry Superhighway to boost connectivity and economic activities.
Atiku blasts Tinubu over $516m loan request.
Meanwhile, Legit.ng earlier reported that Atiku Abubakar criticised President Tinubu over $516 million loan for the Sokoto–Badagry Superhighway project.
The former vice president warned against prioritising borrowing over responsible governance and sustainable development.
Atiku urged federal lawmakers to scrutinise loan terms for the benefit of Nigerians.
Source: Legit.ng

