Post by Henry Emeka (@Emekus)
Every administration contributed to the rise. No one is innocent.
Fact: Tinubu did not inherit ₦21 trillion
DMO confirmed the real figure was ₦87 trillion, not ₦21 trillion.
Opposition narratives claiming “₦21 trillion to ₦142 trillion” are false.
Fact: The Tinubu administration did add significant new debt
Even after removing the ways & means securitization, borrowing has continued aggressively due to:
subsidy removal shock
revenue shortfalls
infrastructure financing
budget deficits
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