The All Progressives Congress (APC) has defended President Bola Ahmed Tinubu’s borrowing, describing it as a strategic measure designed to secure Nigeria’s long-term economic growth and development. Party officials emphasized that the loans are being utilized for critical infrastructure, social programs, and initiatives that will yield sustainable benefits for the nation.
According to the APC, the borrowing strategy is intended to accelerate development projects, improve public services, and create jobs, rather than for recurrent expenditure. The party highlighted that similar investments have historically driven economic transformation in other countries, underscoring the administration’s commitment to prudent financial management.
The party further called on Nigerians to view the borrowing within the context of a long-term vision for national prosperity, asserting that the funds will strengthen key sectors, support industrialization, and enhance Nigeria’s global competitiveness.