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The Digest:

The Lagos chapter of the All Progressives Congress (APC) has fiercely defended President Bola Tinubu’s borrowing strategy, labeling Peter Obi’s criticism as hypocritical and ignorant of global economic practices. The party framed Tinubu’s loans as strategic investments in infrastructure, while accusing Obi of fiscal irresponsibility during his governorship.

Key Points:
  • APC spokesman Seye Oladejo dismissed Obi’s critique as “motivational-speech politics”
  • The party insisted Tinubu’s borrowing is tied to productive sectors like energy and transportation
  • Obi was accused of leaving “unpaid pensions and collapsing infrastructure” in Anambra
  • APC cited advanced economies that borrow to fund growth as justification
  • The response titled “Peter Obi’s Borrowing Hypocrisy” targeted his moral authority
  • Tinubu’s reforms (subsidy removal, currency float) were framed as “bold, necessary steps”
This rebuttal reflects the escalating political tensions over economic management ahead of the 2027 elections.

Sources: The PUNCH, APC Statement