Speaker Abbas Defends Tinubu’s Borrowing Policy as Tool for Growth and Infrastructure

The Speaker of the House of Representatives, Tajudeen Abass, has clarified that the National Assembly is not opposed to President Bola Tinubu’s borrowing policy, insisting that lawmakers support borrowing as a legitimate tool for funding infrastructure and driving sustainable growth.

Abbas gave the assurance in Abuja at the 8th Annual African Network of Parliamentary Budget Offices Conference, where he stressed that borrowing, when carefully applied, remains a globally recognized fiscal instrument. He explained that the President had assured parliament that new loans would remain within the country’s medium-term debt framework and international best practices.