President Bola Ahmed Tinubu has defended his administration’s approach to borrowing, stating that taking loans is not inherently wrong as long as there is a clear plan to repay.
Speaking on the nation’s economic direction, Tinubu said borrowing should not be viewed as a stigma, emphasizing that many economies rely on debt to finance growth and development.
“If we have to borrow money, we borrow. Borrowing is not a leprosy,” he said, while stressing the importance of discipline and productivity.
The president noted that the real challenge lies not in borrowing itself but in the ability to utilize funds effectively and ensure repayment.
According to him, hard work, proper planning, and economic reforms are essential to prevent debt from becoming a burden.Get Full, Details. .
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