The Nigerian Presidency has dismissed allegations that President Bola Tinubu borrowed ₦120 trillion in a span of three years and subsequently removed the fuel subsidy.
According to a statement released by the Presidency, the claims are misleading and lack factual basis.
While the source of the allegations was not identified in the statement, the administration has clarified that the figures cited do not reflect any official borrowing or policy change undertaken by the government.
President Tinubu’s administration has maintained that it has not increased national debt to the extent suggested and that the fuel subsidy remains in place as part of its economic policy framework.
These remarks come amid ongoing public scrutiny of the president’s financial and economic decisions, with the Presidency urging citizens to rely on verified information rather than unsubstantiated reports.
<small>Source: Punch Nigeria — read the original story there.</small>