Critics Question Tinubu’s Borrowing Record as Hardship Persists Three Years In

Three years and two months into President Bola Tinubu’s administration, critics say rising public debt and persistent hardship have earned him the street nickname “Borrow Borrow President.” They argue that new domestic and external loans have not translated into affordable food, reliable electricity, safer communities, or improved living standards. The criticism centres on the effects of subsidy removal, exchange-rate reforms, inflation and stagnant wages. While the government points to economic reforms, GDP growth and investor confidence, many Nigerians say transport fares, cooking gas, food prices and electricity supply remain their immediate concerns. Critics also cite continued insecurity in parts of Benue, Plateau and Zamfara, as well as concerns about inclusion in appointments and project distribution. They argue that borrowing should finance productive infrastructure and services, rather than recurrent spending and debt servicing. APC officials maintain that the reforms are difficult but necessary for long-term recovery. However, opponents say the 2027 election will force the administration to account for the results of its borrowing and reforms.

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