Nigeria’s debt burden has grown astronomically high in the last two years, due to insatiable borrowing by this government under President Bola Ahmed Tinubu.
Yet critical sectors such as health, education, infrastructure, and agriculture have suffered uncommon neglect. While the Tinubu administration acknowledges that debt servicing now consumes a large portion of national revenue, borrowing continues with little evidence of improved productivity at both micro and macro-economic levels.
While borrowing itself is not a problem, borrowing without discipline, accountability, and measurable impact is. True reform requires cutting wasteful spending, reducing the cost of governance, blocking leakages, and ensuring that every borrowed naira is invested in projects that generate revenue, jobs, and long term growth.
Nigeria cannot keep piling up debts while neglecting the structural reforms needed to strengthen our economy. Fiscal discipline, not continuous borrowing must be the foundation of any credible economic recovery plan.
The Lagos ADC urges the Federal Government to embrace a more responsible, transparent, and disciplined approach to economic management.
Nigeria cannot continue to mortgage its future with unchecked borrowings that yield little improvement in national productivity or public welfare.
Our country has the talent, resources and potential to become a global economic player. what is required is leadership that prioritises accountability, efficiency, and national interest above political convenience.
Until fiscal discipline becomes the cornerstone of Nigeria’s economic strategy, discussions of reform will remain incomplete and unconvincing.
HON. (ALHAJI) RAHMAN OWOKONIRAN
ADC MEDIA NETWORK 2.0
