President Bola Tinubu don defend im administration fresh external borrowing plans, arguing say infrastructure investments dey critical to achieve $1 trillion economy by 2030,.

Nigeria Labour Congress (NLC) and opposition figures dey question di justification for more loans amid rising public debt and pressure on household incomes.

For one essay wey dem title "From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy," di President maintain say dem suppose assess public borrowing by di economic value wey e dey generate rather than di amount wey dem raise, insisting say investments for roads, electricity, rail and commercial ports go expand productive capacity, create jobs and attract private capital.

Di defence come as Tinubu dey seek National Assembly approval for external borrowing facilities of $20.52b and €1.045b under di Federal Government 2026–2027 Supplementary External Borrowing Rolling Plan, wey cover projects and programmes across several sectors.

But labour leaders and opposition figures don demand more transparency over di proposed loans, asking di government to explain why additional borrowing still dey necessary despite claims of increased revenue following di removal of di petrol subsidy.

Dem also call for full details of di projects wey dem wan finance, including costs, implementation schedules, interest rates, repayment obligations and independently verified economic benefits, before di National Assembly approve di request.