Nigeria now ‘lepers colony’ because of debt – Rufai Oseni tells Tinubu

Arise Television’s Morning Show anchor, Rufai Oseni, has criticised the medication of President Bola Tinubu implicit rising indebtedness levels, informing that mediocre utilisation of borrowed funds could worsen the country’s economical condition.

The remark followed Tinubu’s caller remark that indebtedness is not a “leprosy”.

Speaking connected Arise Television’s Morning Show connected Thursday, Oseni described Nigeria’s indebtedness illustration arsenic progressively burdensome, likening it to “leprosy” if not decently managed.

He argued that the precocious outgo of indebtedness servicing—estimated astatine betwixt N15 trillion and N16 trillion wrong a N60 trillion budget, was taking a important toll connected the country’s finances without corresponding improvements successful citizens’ welfare.

Oseni besides criticised what helium described arsenic an uneven governmental environment, alleging that the authorities was stifling absorption voices.

He maintained that a just and competitory governmental abstraction would let voters to marque autarkic choices.

Oseni said: ”ll archer you indebtedness is simply a leprosy. Yes, indebtedness is simply a leprosy. You cognize wherefore it’s leprosy your outgo of serving the indebtedness oregon servicing the debts, erstwhile you walk astir 15 to 16 trillion successful a fund that goes astir 60 trillion.

“Now look astatine the percent of what you usage successful indebtedness service. It becomes leprosy, particularly erstwhile you ...