Former Kogi West Senator, Dino Melaye has raised fresh concerns over the level of borrowing by the Nigerian Government.
Melaye, who spoke while featuring on Arise Television’s Prime Time on Monday night, said if care was not taken, President Bola Tinubu may soon borrow from Nigeria’s leading fintech companies, Opay and Moniepoint.
The former lawmaker’s comments came the same day the Speaker of the House of Representatives, Tajudeen Abbas, also decried the level of borrowing by the Tinubu administration.
Reacting, Melaye said: “Why is the president borrowing $1.7 billion from the World Bank? Why has the Senate approved $21 billion so far, with many others coming for consideration? “This government is one of the most reckless governments in the history of this country.
“The president who said he wanted to come and curb wastages bought a yacht, that yacht the president bought has never been to the territorial area of Nigeria, it’s between Monaco and Paris.
“Why do we need a yacht in a time of austerity, in a time of pervasive hunger like this. The president also, within a few months of being in office, bought a presidential jet that cost Nigerians billions.”
He also questioned the government’s claim of making more money, especially with the removal of the petrol subsidy, wondering why it had continued to borrow.
“If you are making more money, why are you borrowing? To the extent that the Speaker of the House of Representatives is also concerned, who is a member of the APC. We will not be surprised if the president starts borrowing from Opay and Moniepoint very soon,” he stated.
apart from Melaye, there have been concerns by many other Nigerians over the level of borrowing by the current administration, with many condemning the National Assembly for always stamping such borrowing requests.
