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BREAKING: Tinubu’s Finance Minister WARNS ‘Stop Relying on Borrowing’ Amid $1.25bn World Bank Loan
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6,379 views153likes1:34:16PreciousEnyiTVOriginal Release: 2026-05-13

This video features Nigeria's Finance Minister Taiwo Oyedele warning that the country cannot rely on borrowing to achieve sustainable development, highlighting the need for a self-sustaining fiscal system. The discussion emphasizes that while borrowing can provide short-term funds, it creates long-term debt servicing burdens that can hinder economic growth and development. The conversation also touches on how borrowed funds are often used for subsidies and political purposes rather than productive investments, and how high borrowing levels can lead to economic challenges like inflation and reduced public services.

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