Former President Olusegun Obasanjo has countered President Bola Tinubu’s position on borrowing, describing debt as “worse than leprosy” and a burden on future generations.
In a recent statement, Obasanjo said:
Debt is worse than leprosy and a burden on generations.
Obasanjo’s remarks come amid ongoing discussions about Nigeria’s debt levels and fiscal policy. The former head of state has long warned that high levels of borrowing could jeopardise the country’s economic stability.
President Tinubu has advocated for borrowing to fund development projects, arguing that the money is needed to drive growth and improve infrastructure.
Obasanjo cautions that unchecked borrowing could leave future generations with a heavy debt burden, potentially undermining their prospects for prosperity.
Nigeria, Africa
<small>Source: Punch Nigeria — read the original story there.</small>