Particular Adviser Media and Public Communication to President Bola Tinubu, Sunday Dare has described former Kogi West Senator, Dino Melaye as a “Chief political entertainer.”
Dare accused Melaye of buying and selling substance for spectacle throughout his interview on Come up Tv’s Prime Time.
Through the interview, Melaye had accused Tinubu’s administration of recklessness, stressing that it might quickly borrow loans from Fintech corporations, Opay and Moniepoint.
Posting on X, tagged: “Dino Malaye’s Debt Drama: Noise, Not Data,” Dare charged Melaye to acquaint himself with fundamental economics.
He stated Melaye’s feedback remained an leisure and never enlightenment till he acquainted himself with fundamental economics.
Dare knowledgeable the previous lawmaker that borrowing is a legit software for financing development and reforms.
He stated: “In his newest tv look, he solid himself as Nigeria’s chief political entertainer, tossing round low cost jabs about “borrowing from OPay and Moniepoint.
“However listed below are the information: Nigeria’s whole public debt stood at ₦149.39 trillion as of March 31, 2025, in response to the Debt Administration Workplace. The bounce from final yr is just not the results of reckless borrowing, however largely the arithmetic of naira depreciation.
“When the forex adjusts, the naira worth of present exterior debt rises—whether or not or not new loans are taken.
“Nigeria’s debt-to-GDP ratio stays a reasonable 40–45%, nicely beneath South Africa’s 70% or Ghana’s 90% plus. The true problem lies in income mobilization, not runaway borrowing.
“Encouragingly, revenues are enhancing, strengthening our capability to service obligations.
“Borrowing is a legit software for financing development and reforms. What issues is sustainability, not soundbites. Sadly, Dino prefers theatrics to reality.”
