It’s for your children’s future’ – Tinubu defends $20.5bn fresh borrowing as Nigerians groan

President Bola Tinubu has defended fresh borrowing plans by his administration, insisting that the investments will expand opportunities for future generations of Nigerians.This is contained in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Thursday.The president said the proposed borrowing is part of the Federal Government’s 2026-2027 borrowing programme, adding that it is targeted at critical sectors including power, transportation, healthcare, education, agriculture, water supply, employment generation and poverty reduction.