Expert cautions Tinubu against debt trap, seeks asset-backed infrastructure funding

A Fellow of the Institute of Credit Administration, Asiwaju Busari Shaamsuddeen Akande, has advised President Bola Tinubu against excessive reliance on borrowing to finance infrastructure projects.He urged the Federal Government to adopt asset-backed financing and public-private partnerships.Akande said Nigeria’s ambition of building a $1 trillion economy by 2030 could be undermined if the government continued accumulating debts without ensuring that infrastructure investments generated sufficient economic returns.