Osoba Cites Empty Treasury Inherited by Tinubu’s Administration, Defends Borrowing Strategy

Former Governor of Ogun State, Olusegun Osoba, has disclosed that President Bola Tinubu’s administration inherited an empty treasury when it assumed office, leading to a necessity for borrowing to meet financial obligations.

Osoba made this revelation during an interview on Arise Television, where he highlighted the challenges faced by Tinubu’s government upon assuming leadership. He emphasized that the borrowing was a temporary measure to address the immediate financial shortfall, with plans for a comprehensive review and adjustment of strategies in the future.

Acknowledging the hardships faced by Nigerians, Osoba expressed optimism for improvements in the country’s economic conditions in 2024 under Tinubu’s leadership. He stressed the importance of prudent financial management and effective implementation of budgetary allocations to drive economic growth.

Addressing concerns about Tinubu’s absence from Plateau State amidst security crises, Osoba defended the President’s approach, emphasizing a focus on addressing underlying issues rather than symbolic appearances.

Osoba also commented on the impact of Tinubu’s policies on both the affluent and the less privileged, attributing them to the administration’s commitment to fostering economic growth. He urged state governments to exercise fiscal responsibility and curb excessive spending to alleviate financial pressures.

Source: Politics Nigeria