Obasanjo Slams Tinubu’s ‘Drunken Sailor’ Spending Amid Rising Debt

Former President Olusegun Obasanjo has warned that Nigeria’s growing debt burden demands strict financial discipline. Speaking on Advocate for Good Governance, he criticised the Tinubu administration’s heavy spending despite inheriting deep liabilities. Obasanjo urged leaders to control expenses, tie loans to real development and manage public funds responsibly. He warned that reckless borrowing without clear repayment plans will worsen economic hardship and saddle future generations with unmanageable debt. He called on the government to prioritise accountability and direct resources toward projects that boost growth, rather than increasing routine expenditure with no clear benefit.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.