Chief Bola Ahmed Tinubu has come under fire from American economist Steve Hanke, who called him “addicted to debt” for his administration’s persistent reliance on debt.
Hanke hailed Nigeria’s recent $500 million loan from the World Bank in a post on his official X Twitter. He voiced worry about the government’s excessive reliance on borrowing, which could be difficult to pay back.
Remember how the Bureau of Public Enterprises (BPE) declared that the World Bank had granted Tinubu’s government a $500 million loan to help with the issues the 76 Distribution Companies (DisCos) were facing?
Sleepy Buhari Enabling Corruption In Nigeria – American Economist, Steve Hanke
The World Bank Board of Directors approved money to support the Nigerian Distribution Sector Recovery Programme (DISREP}), which aims to enhance the DisCos’ technical and financial performance.
The professor of applied economics stated, “Nigeria’s Tinubu is addicted to debt.
“Nigeria has just taken another $500M loan from the World Bank.
“Tinubu only knows how to do one thing = pass the begging bowl, ” he added.
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