Little or No Alternative to Nigeria Borrowing; Past Govt Left Empty Treasury, Osoba

Former Ogun State Governor, Olusegun Osoba, stated in an interview that there is little or no alternative to Nigeria borrowing, attributing it to the empty treasury left by the previous administration.

He emphasized the necessity of borrowing for now to fill the financial gap but added that it doesn’t mean the culture of borrowing will continue indefinitely.

Osoba also mentioned that President Bola Tinubu is preparing a document to encourage Nigerians to bring out hidden funds currently out of the banking system.

He justified the delay in Tinubu’s visit to Plateau State, emphasizing the need for a well-organized, broad-based policy to address intercommunal conflicts.

Osoba acknowledged the expected hardship due to subsidy removal but stated that it was necessary for the government to abide by the law.