FG: Tinubu’s $21.5bn Loan Won’t Lead to Debt Crisis
Finance Minister Wale Edun said the loans are tied to key infrastructure projects in power, transport, education, and healthcare.
The Federal Government has assured Nigerians that President Tinubu’s $21.5 billion loan plan will not harm the economy.
He stressed that each project has a clear repayment strategy and is part of a broader plan to boost economic growth and attract investors.
Edun described the move as a responsible step, not reckless borrowing.
Budget Minister Atiku Bagudu added that tax and revenue reforms will help Nigeria meet its debt obligations.
The government also noted that Nigeria’s debt-to-GDP ratio remains within safe global limits, with efforts ongoing to raise revenue and cut waste.
