By Ayomide Otitoju
Former senator Dino Melaye has criticised President Bola Tinubu’s administration over Nigeria’s mounting debt, warning that the government may soon be forced to seek loans from fintech platforms such as Opay and Moniepoint.
Speaking during an interview on ARISE Television on Monday, Melaye accused the federal government of reckless borrowing while millions of Nigerians grapple with worsening poverty and hunger.
“There is massive hunger in the land,” 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?”
The former lawmaker described the administration as one of the most reckless in Nigeria’s history, accusing President Tinubu of failing to match his promise to curb wasteful spending.
“The president who said he came to stop wastage went ahead to buy a yacht,” he added.
Melaye’s remarks echo growing public concerns over Nigeria’s debt profile, with critics questioning the government’s borrowing pattern and spending priorities.
