Dino Melaye, a former senator, has taunted the government of President Bola Tinubu, saying it may soon turn to Fintech operating in Nigeria for loans.
The Tinubu administration has come under intense scrutiny over borrowing. Recently, the African Democratic Congress (ADC) said the new wave of borrowing will drive Nigeria’s public debt beyond N200 trillion before the end of the year.
In a statement, National Publicity Secretary of the party, Mallam Bolaji Abdullahi, the ADC accused President Tinubu of surpassing his predecessor by mortgaging the country’s future in mountains of debts in the name of economic reform.
Speaking on ARISE Television on Monday, Melaye accused the government of plunging Nigerians into massive hunger despite securing billions of dollars in loans.
“There is massive hunger in the land. Why is the president borrowing $1.7 billion from the World Bank? Why has the Senate approved $21 billion so far, with many others coming for consideration?”