Assessing Tinubu's Second year In Office and The Heavy Burden of External Debts.

 ASSESSING TINUBU'S SECOND YEAR IN OFFICE AND THE HEAVY  BURDEN OF EXTERNAL DEBTS: NIGERIAN'S ON THE RECEIVING END OF ECONOMIC HARDSHIP 

While appraising the economic reform of the Bola Ahmed led administration during his second year  anniversary;  Minister of Budget and Economic Planning—Atiku Bagudu— said that Nigeria's economy is witnessing a significant turnaround driven by bold reforms, improved coordination, and a renewed focus on national priorities.

According to the Minister, the reform driven  economy has seen four consecutive quarters of GDP growth, exchange rate stability, and a resurgence in private sector confidence .

However, in a dramatic twist, the chest-beating and praise singing about economic reforms last week, coincided with a fresh request by  President Bola Ahmed Tinubu, GCFR, for the approval of the National Assembly to secure a new wave of multi-currency loans amounting to approximately $23.5 billion, €2.265 billion, ¥15 billion, and N757.9 billion (totaling about N45 trillion when converted to Nigeria’s currency).

The borrowing plan spanning multiple international lenders and development institutions marks one of the most ambitious external financing proposals of his administration to date, but financial experts said the exercise will further expose Nigeria’s underbelly as a debtor nation.

Despite these outrageous and  bogus unaccountable borrowings, the unrelenting rise in the cost of living has cast a big shadow of doubt over the Tinubu led administration 's reforms, muting their impact and deepening public resentment as Nigeria's former Minister of Transportation, a former Rivers State governor —Rt. Hon. Rotimi Chibuike Amaechi maintained in an interview during his 60th birthday anniversary that Mr. President lacks the capacity to fix the country, accusing him of using the weapon of poverty to suppress Nigerians. 

`👔Njoku Macdonald Obinna`