Post by The Eagle Online (@TheEagleOnline)
“₦6tn Borrowing Will Support 2026 Budget, Prevent Funding Gap — Senator Solomon Adeola”
Senator Solomon Adeola said the additional borrowing is necessary to avoid underfunding the 2026 budget, noting that only about 70% of allocations may be available without it. He explained that the funds will help finance key aspects of the budget and support public services and development.
#theeagleonlinenigeria #fyp #trending #budget.
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Henry Emeka: Arguments that it has been bad
Opposition parties, economists, and civil groups raise serious concerns:
Debt levels are historically high
Tinubu has accumulated the highest debt in Nigeria’s history in the shortest time.
Opposition parties, economists, and civil groups raise serious concerns:
Debt levels are historically high
Tinubu has accumulated the highest debt in Nigeria’s history in the shortest time.
Henry Emeka: Weak naira makes foreign loans more expensive
Even smaller dollar loans become huge in naira due to currency collapse.
Lack of visible impact
Critics argue:
Poverty is rising
Infrastructure progress is slow
Borrowing has not translated into economic revival
Even smaller dollar loans become huge in naira due to currency collapse.
Lack of visible impact
Critics argue:
Poverty is rising
Infrastructure progress is slow
Borrowing has not translated into economic revival