LP Statesman Urges Abbas, Akpabio To Stop Tinubu’s Reckless Borrowing

Naija News reports that the Interim National Publicity Secretary of the party, Tony Akeni, in a statement in Abuja, called on the Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to use their offices and stop President Bola Tinubu’s borrowing request..  .Read ..Full.. Article.. .

Akeni stated that Nigeria’s debt crisis has reached alarming levels, with the country’s public debt soaring to 149.39 trillion in barely three months, surpassing the 40 per cent threshold set by relevant fiscal laws.

According to Akeni, President Tinubu’s request for fresh loans from the World Bank, amid soaring debt, inflation and grinding poverty, was proof that this administration was insensitive to the sufferings of Nigerians.

He said, “For Nigerians to appreciate Speaker Abbas’ sense of alarm, one must put in perspective the facts.

“Both the Debt Management Office, DMO, and CBN’s published data available to the public reveal that in the first 90 days of this year, 2025 alone, Nigeria’s public debts soared from N121.7billion in December 2024 to N149.39trillion, and..  Read . .More —