The Digest:
Dino Melaye, former Kogi West Senator, condemned President Bola Tinubu’s mounting foreign debts and criticized the extravagant purchases made by the government. With the national debt rising rapidly, Melaye warned that this could lead to borrowing from fintech giants like Opay and Moniepoint.
Key Points:
- Melaye blasts Tinubu’s administration for borrowing $1.7 billion from the World Bank and approving an additional $21 billion in loans.
- He describes the administration’s approach as reckless, especially given the country's ongoing economic hardships.
- Melaye questions the need for a luxury yacht and presidential jet in a time of austerity.
- He argues that the purchase of the jet was not approved by the National Assembly and was misrepresented as a “gift.”
- The former senator points out the increase in National Assembly funding, alleging wasteful spending.
- Melaye suggests that the government’s financial strain could soon lead it to seek funds from fintech companies like Opay and Moniepoint.
- Despite his criticisms, he emphasizes that public funds should be used to improve the lives of citizens and not for lavish purchases.
Melaye’s comments reflect concerns about the financial mismanagement under the current administration. He calls for transparency and accountability to ensure that borrowing serves the country's long-term interests rather than fueling unnecessary luxuries.
Sources: Daily Post Nigeria, Arise Television
