Tinubu’s Administration Renege On Plans Not To Borrow, Takes $4.1bn Loan In One Year

On August 9, 2023, President Bola Ahmed Tinubu inaugurated a tax committee with mandate to raise revenue because his government inherited a ‘bad government’ and he will not continue with the “circle of debt”.

About 17 days later, Tinubu’s Minister Of Finance and Coordinating Minister of the Economy, Wale Edun, also emphasised the President’s position on loans at the Federal Executive Council (FEC) meeting held on August 28, 2023.

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