JUST IN: Obasanjo Blasts Tinubu Over Borrowing, Says ‘It’s Absolute Nonsense’

Former President Olusegun Obasanjo has criticised President Bola Tinubu over his comment that borrowing is not leprosy, describing the position as “absolute nonsense”.

Obasanjo spoke on Friday in Abeokuta, Ogun State, at the Ajibosin Platform, a public forum theme “Leveraging Artificial Intelligence to solve grassroots problems and accelerate National Development.”

In April, Tinubu said his administration would continue to borrow whenever necessary, insisting that it should not be viewed negatively.

Tinubu spoke at the State House during a meeting with Plateau leaders led by Caleb Mutfwang, the governor, and Nentawe Yilwatda, national chairman of the All Progressives Congress (APC). “If we have to borrow, we borrow.

Borrowing is not leprosy, we just have to work hard to be able to pay for it,” the president had said. His remarks came amid rising public concern over Nigeria’s growing debt burden and the increasing share of national revenue committed to debt servicing.