Group Says Tinubu’s Borrowing Accelerates Nation’s Economic Growth

The Democratic Front (TDF) has lauded the management of local and foreign loans under President Bola Tinubu’s administration as noteworthy.

In a statement signed by its Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, TDF asserted that there are clear indications of economic growth resulting from the efficient management of loans by the administration.

The statement read in part: “We concur with the Special Adviser to the President on Media and Public Communication, Sunday Dare, that President Bola Tinubu’s administration’s borrowing has been strategically utilised to finance economic growth and reforms over the past two years.

“This position is supported by an increase in capital expenditure for federal projects related to infrastructure, agriculture, security, and numerous social interventions.

“In our view, Dare’s statement on the validity and viability of the federal government borrowing completely refutes the superficial arguments of those who are determined to oppose any government policies and programs as a tactic to gain power through dubious means.

“We have observed the expansion of public services through ongoing recruitment into the Nigerian Customs Service, Immigration Service, as well as the Correctional and Fire Services, facilitated by increased federal government revenue.

“The ongoing training of 3 million Nigerian youths under the 3MTT program of the Ministry of Communications and Digital Economy, aimed at creating a pool of digital talent to meet local and global demands, and the innovative NELFUND providing funding for indigent students to access tertiary education, are undeniable achievements made possible by a combination of improved revenue generation and strategic financial borrowing by the Tinubu administration.

“TDF confidently asserts that Nigeria’s public debt, which stood at N149 trillion as of March 2025, can be gradually repaid under the reformist policies of the Tinubu administration.

“Recent evidence of this is the administration’s successful clearing of the country’s debt obligations to the International Monetary Fund (IMF).

“We therefore appeal to politicians in the country to engage in politics with a sense of maturity and responsibility towards the nation, by avoiding bitterness in their criticism of public policies and programs.

” This call is necessary because of the manner in which some politicians often portray the political class in a negative light.”

The group also urged Nigerians to disregard the antics of politicians like Dino Melaye, a former member of the National Assembly, whose penchant for political mischief is well-known.