Reno Omokri: President Bola Tinubu Is Not Borrowing $21 Billion – Politics – Nigeria
Reno Omokri refutes claims that President Bola Tinubu is borrowing $21 billion, clarifying that this figure represents the total possible borrowings available to the federal and state governments over the next three years, not an actual loan amount.
The Medium-Term Expenditure Framework (MTEF) sets a borrowing ceiling based on legal and fiscal guidelines, with actual borrowings tied to specific projects and capped by Nigerian fiscal laws.
Omokri urges Nigerians to read official documents such as the MTEF and the 2025 Appropriation Act to avoid falling prey to misinformation and alarmist headlines.
He emphasizes Tinubu’s financial expertise and argues that under his administration, national debt is expected to decrease rather than increase.
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