The Presidency has responded to comments by former Kogi West Senator, Dino Melaye, advising him to improve his understanding of economics before making public statements on the nation’s debt profile.
Special Adviser to President Bola Tinubu on Media and Public Communications, Sunday Dare, criticized Melaye over his remarks that the government might one day borrow from fintech platforms like OPay or Moniepoint.
Dare dismissed the statement as dramatic and misleading, saying Melaye once again chose “spectacle over substance” in his public commentary.
“You need to acquaint yourself with basic knowledge of economics,” Dare said, stressing that such remarks may amuse the public but do not reflect Nigeria’s economic realities.
He explained that Nigeria’s debt-to-GDP ratio currently stands between 40 and 45 percent, which is significantly lower than South Africa’s 70 percent and Ghana’s over 90 percent.
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