This comes after President Bola Ahmed Tinubu reportedly asked the Nigerian Senate to approve external borrowing estimated at about $6 billion, according to reports credited to The Punch.
The request, which is said to be aimed at supporting government financing needs, has since triggered heated debate across political circles and social media.
One of the strongest reactions came from Demola Olanrewaju, an aide to former Vice President Atiku Abubakar, who openly criticised the development in a post shared on his X handle.
He questioned the speed at which such a large financial request is being handled, drawing a comparison that quickly went viral.
In his words, he said even Nigeria’s billionaire businessman, Aliko Dangote, would not be able to get his company board to approve a $6 billion loan within just a few hours.
The statement has sparked mixed reactions, with critics arguing that such financial decisions should go through deeper scrutiny, while supporters of the government insist that national borrowing processes are governed by structured approvals, not personal comparisons.
The debate has added to ongoing political tension surrounding Nigeria’s economic direction, public debt, and fiscal management as the 2027 political atmosphere gradually builds up.
Many Nigerians are now asking tougher questions about transparency, timing, and accountability in high-level financial decisions affecting the country’s economy.
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For full details, readers can refer to the original report by The Punch.
— ThisDay Nigeria
