News Investigators/ The Democratic Front (TDF) has described the management of local and foreign loans by the President Bola Tinubu administration as noteworthy.
In a statement signed by its Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, TSF noted that there are clear signs of economic growth through the efficient management of loans by the administration.
The statement read in part: “We share the position of the Special Adviser to the President on Media and Public Communication, Sunday Dare, that the borrowings of the President Bola Tinubu’s administration have been used to finance economic growth and reforms in the last two years.
”This stance is backed by an increase in capital expenditure for federal projects relating to infrastructure, agriculture, security, and a plethora of social interventions.
”For us, Dare’s statement on the validity and viability of federal government borrowings completely rubbishes the pedestrian views of those who are bent on opposing any government policies and programmes as a gambit to access power through dubious means.
”We have witnessed the expansion of public services through ongoing recruitment of personnel into the Nigerian Customs Service, Immigration Service, as well as the Correctional and Fire services, facilitated by the increase in federal government revenue.
”The ongoing training of 3 million Nigerian youths under the 3MTT programme of the ministry of Communications and Digital Economy, aimed at creating a reservoir of digital talents that will serve local and global demands, and the novel window of funding for indigent students to access tertiary education through the NELFUND are undeniable achievements made possible by the combinations of improved revenue generation, and other strategic financial borrowings by the Tinubu administration.
”TDF can confidently say 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 was the manner the administration cleared the country’s debt obligations to the International Monetary Fund (IMF)
”We therefore appeal to politicians in the country, to play politics with a sense of maturity and responsibility to the nation, by eschewing bitterness in their criticism of public policies and programmes. This call became necessary because of the manner in which some politicians often portray the political class in a bad light.”
The group also called on Nigerians to disregard the antics of politicians like Dino Melaye, a former member of the National Assembly, whose penchant for political mischief is legendary.
FG’s borrowings, accelerating economic growth in Nigeria -TDF
