Debt Profile: Tinubu borrowing to repay debts  – Analyst alleges

A fiscal analyst, Kalu Aja, has alleged that President Bola Ahmed Tinubu’s authorities is borrowing to repay existing debts.

He made the connection connected his X relationship portion comparing the finances of Nigerian leaders since 1957.

According to him, portion Nigeria’s precocious Prime Minister, Tafawa Balewa, borrowed to physique the Kainji Dam, the Tinubu medication is borrowing to repay debts.

“Tafawa Balewa borrowed to physique Kainji Dam… Tinubu is borrowing to repay borrowing,” helium wrote connected X.

His comments travel amid increasing concerns implicit Nigeria’s indebtedness profile.

According to the Debt Management Office, DMO, Nigeria’s full nationalist indebtedness stood astatine N159 trillion arsenic of the extremity of 2025.

However, pursuing caller borrowings approved by the National Assembly astatine the petition of the Tinubu administration, Nigeria’s full indebtedness has surpassed N159 trillion.

In April 2026, President Tinubu asked the Senate to o.k. a $516.3 cardinal indebtedness from Deutsche AG. Earlier, a akin petition was made for a $6 cardinal indebtedness from Abu Dhabi Bank and a $1 cardinal indebtedness from the United Kingdom done Citibank.

Recall that Atiku Abubakar, erstwhile Vice President and ...