By Our Correspondent
Abuja, Oct. 1, ’25 (TNZ) The Democratic Front (TDF) has described the management of local and foreign loans by the President Bola Tinubu administration as noteworthy.
TheNewsZenith reports that TDF made the declaration in a statement on Wednesday in Abuja.
The group’s Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo signed the statement.
TDF noted that there are clear signs of economic growth through the efficient management of loans by the administration.
”We share the position of the Special Adviser to the President on Media and Public Communication, Sunday Dare, that the borrowings have been used to finance economic growth and reforms in the last two years.
”This stance is backed by an increase in capital expenditure for federal projects relating to infrastructure, agriculture, security, and a plethora of social interventions.
”For us, Dare’s statement on the validity and viability of federal government borrowings completely rubbishes the pedestrian views of those opposing any government policies.
“They are doing this as a gambit to access power through dubious means,” TheNewsZenith quotes the statement.
TSF noted that Nigerians have witnessed expansion of public services through ongoing recruitment of personnel into the strategic givernment agencies.
Due to increase in federal revenue the government has recruited into the Nigerian Customs Service, Immigration Service, and the Correctional and Fire services.
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”The ongoing training of three million Nigerian youths under the 3MTT programme of the Ministry of Communications and Digital Economy, aims to create a reservoir of digital talents that will serve local and global demands.
“It will also create a novel window of funding for indigent students to access tertiary education through the NELFUND.
“All these are undeniable achievements made possible by the combinations of improved revenue generation, and other strategic financial borrowings by the Tinubu administration.
According to the statement, TDF believes the government can gradually repay the public debt, which stood at N149 trillion as of March 2025.
“Recent evidence showed the manner the administration cleared the country’s debt obligations to the International Monetary Fund (IMF)
”We, therefore, appeal to politicians to play politics with a sense of maturity and responsibility to the nation, by eschewing bitterness in their criticism of public policies and programmes.
“This call became necessary because of the manner in which some politicians often portray the political class in a bad light,” TDF stated.
It also called on Nigerians to disregard the antics of politicians like Sen. Dino Melaye and others, whose penchant for political mischief is legendary. (TNZ)
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