Politics

“No Money Left”: Akpabio Sparks Debate Over Nigeria’s Borrowing Plans

Published by admin on April 25th, 2026.

“No Money Left”: Akpabio Sparks Debate Over Nigeria’s Borrowing Plans

Click here to watch

Nigeria’s Senate President, Godswill Akpabio, has raised concerns about the country’s finances, saying the government does not have enough money to meet its needs and may have to continue borrowing.

Speaking about the nation’s economic situation, he explained that Nigeria is facing serious financial pressure and that taking loans could help the government carry out important projects, especially infrastructure development.

His statement has led to mixed reactions. Some experts say borrowing is normal, as many countries use loans to build roads, railways, and other key projects that can support economic growth. However, others are worried that Nigeria’s growing debt could become a problem if the money is not properly managed or if the economy does not improve.

Global organisations like the World Bank and the International Monetary Fund have previously advised Nigeria to be careful with borrowing. They have stressed the need for better revenue generation, careful spending, and strong economic reforms.

With rising inflation and the increasing cost of living affecting many Nigerians, Akpabio’s comments have renewed calls for transparency and accountability. Many people are now asking for clear plans on how borrowed funds will be used and how the country intends to manage its growing debt.