Borrowing Today, Building Tomorrow: The Tinubu Development Equation
President Bola Tinubu By Seye Oladejo, Lagos APC Chieftain The debate over national borrowing has once again dominated public discourse following the approval of additional borrowing requests by the National Assembly. Predictably, critics have seized on the figures to paint an alarming picture of a nation sinking under the weight of debt. While vigilance over public finances is both necessary and commendable, it is equally important to separate political rhetoric from economic reality. Borrowing, in itself, is neither a virtue nor a vice. It is simply an instrument of economic management. The real issue is whether the borrowed funds are deployed productively to create assets that stimulate growth, expand the productive base of the economy and improve the quality of life of citizens. Judged by this standard, the borrowing strategy of the President Bola Ahmed Tinubu administration deserves a more objective appraisal. President Tinubu inherited an economy confronted by multiple stru...