The mounting debt burden should terrify Nigerians, by Dele Sobowale

•Tinubu seeks $20.5bn; €1.04bn foreign loans to fund projects – Vanguard, October 28, 2026
•Debt worse than leprosy, Obasanjo replies Tinubu — Report, October 31, 2026
Seldom do I find myself on the same side with former President Obasanjo on matters concerning national affairs. Right now, I am on all fours with Baba Iyabo with regard to his position on President Tinubu’s request for fresh loans amounting to over $21 billion or N29.4 trillion. The debt burden is now approximately N160 trillion. Given a shamelessly rubber stamp Senate, it is a foregone conclusion that it will be approved. By December, the total debt would total N189.4 trillion. It was about N100 trillion when Buhari le...