Dele Momodu Criticises Tinubu Government Over Rising Loans and Budget Management

Former presidential aspirant of the Peoples Democratic Party (PDP), Dele Momodu, has raised concerns about the level of borrowing under the administration of President Bola Tinubu.

Speaking during an interview on Sunrise Daily, a programme on Channels Television, Momodu claimed that the current administration has taken more loans than previous Nigerian governments combined.

The publisher of Ovation Magazine questioned the impact of the loans on the country’s economy, saying many Nigerians are yet to see clear benefits from the borrowed funds.

Momodu also criticised the government’s handling of national budgets, noting that while the administration frequently announces budgets running into trillions of naira, there are still questions about how the funds are being managed and whether the budgets are properly balanced.

He further pointed out what he described as contradictions within the ruling All Progressives Congress (APC), saying the party often blames the administration of former President Muhammadu Buhari, despite being from the same political platform.

Momodu also reacted to claims that the government has stabilised the naira against the US dollar, arguing that Nigerians should also consider the exchange rate situation when the current administration first assumed office.

According to him, many citizens are seeking clearer explanations on how government policies and spending are translating into real economic improvements for the country.