Post by Henry Emeka (@Emekus)

Why is Tinubu still borrowing?
This part is important: Nigeria has been borrowing heavily for over 20 years, across multiple administrations.

Tinubu is borrowing because:

Government revenue is too low
Nigeria’s tax-to-GDP ratio is one of the lowest in the world.
The government simply doesn’t earn enough to fund:

Salaries

Infrastructure

Security

Subsidies

Debt servicing

Debt servicing is consuming revenue
A huge portion of Nigeria’s income goes to paying interest on old loans.

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