In the present economic circumstances of the country, Tinubu certainly cannot close his eyes to the plight of the citizens. The host oil producing communities are warming up for probable confrontation with oil companies over attempt to push the bill in alteration of their entitlement derived from PIA to them to meet. Only time will tell how much punch the new Tinubu gear will pack and for how long the palliatives will subsist. The total external borrowing in the last four months by Tinubu Administration has come to $5.350 billion which is about N4.1 trillion. The Nigerian indebtedness to the World Bank moved from $6.29 billion in 2015 to $13.46 billion in 2022.

Source: The Guardian November 03, 2023 02:00 UTC