Nigerian Youths For Atiku

NYFA LEADERS' ECONOMIC DIGEST

Episode 4

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​By NYFA Editors​

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Paws, Prizes, and Payables: Tinubu's £3.2 Million Super Falcons and D'Tigress Gift Meets £20 Million Kuwait Loan Nightmare.

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The recent reports that President Tinubu's administration intends to borrow £20 million from Kuwait to fulfil promises to athletes, following the extravagant expenditure of around £3.2 million on the Super Falcons and D'Tigress, has sparked widespread outrage and raised serious questions about the government's fiscal prudence. This proposed borrowing is seen as a reckless move, adding to the already lavish spending on sporting teams.

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The juxtaposition of such expenditures with potential foreign borrowing is a telling indictment of the government's priorities and a clear sign of incompetence and bad governance. If realised, this borrowing will likely exacerbate the nation's already precarious debt situation, diverting resources away from essential public services and infrastructure.

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The people of Nigeria deserve transparency and accountability in the government's financial dealings. It is imperative that the government adopts a more responsible and sustainable approach to managing the nation's finances, prioritising essential public services and promoting economic growth and development.

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The intention to borrow £20 million from Kuwait is a clear example of fiscal irresponsibility, raising serious questions about the government's priorities and ability to manage the nation's finances. The government must consider alternative, more sustainable ways to support athletes and the sporting sector, rather than burdening the nation with more debt.

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Therefore, the proposed borrowing from Kuwait is a stark reminder of the government's fiscal challenges, incompetence, and need for responsible financial management. The government must take a hard look at its priorities and ensure that the nation's resources are used for the benefit of all Nigerians.