Why Tinubu keeps borrowing — Umahi

Governor David Umahi of Ebonyi State has said President Bola Tinubu’s frequent borrowing reflects the federal government’s need to fund large‑scale projects and bridge budget gaps, especially after the recent removal of fuel subsidies and the impact of high global interest rates. Umahi argues that the loans are intended to finance infrastructure, social programmes and debt‑service obligations, but critics warn that repeated borrowing could increase Nigeria’s debt burden and fiscal vulnerability. Views Nigeria