Seyi Makinde questions Tinubu’s Saudi prayer trip and criticises new borrowing

At an APM town hall in Enugu on Thursday, Seyi Makinde criticised Bola Tinubu’s planned trip to Makkah to pray for Nigeria, saying prayer should be accompanied by transparency about the economy. He questioned the government’s request for more foreign borrowing despite claims of rising reserves and revenue above target; Tinubu has asked the Senate to approve a plan of about $20.52 billion and €1.045 billion. Makinde said businesses lack long-term financing and instead rely on short-term credit at interest rates of about 25%, which he argued holds back manufacturing and job creation.