If the government no longer pays subsidy, why the borrowing?

Nigeria's independent online newspaper

The administration of President Bola Tinubu, right from day one, has left no one in doubt as to where it stands on anything that has to do with payment of “subsidy”.

If implementing the policy, as packaged by the Bretton Woods institutions, translates to there being so much money that the President, and his cabinet members, the Governors and their cabinet ministers, as well as other officials of the government, could be travelling to the “Moon” three times in a week, then there shouldn’t be any need for the Tinubu’s administration to request for any loan approval from the National Assembly, as we currently witness.

So, if it is true that states’ allocation from the federation’s account has increased tremendously, then, Governor Sani should be complaining less. After all, he was, at a point, a part, and parcel of the previous administration in the state who was responsible for accumulating those debts until he contested for, and won, the senatorial seat for Kaduna Central.

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thecableng /  🏆 2. in NG

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