“APC Should Explain How Nigeria’s Debt Grew From 12 Trillion in 2015 to Over 120 Trillion in 2024. What Did They Do With the Money?” – Oseni Says...CONTINUE READING

Written By Oshiobugie John

Oseni Rufai, a TV presenter for Arise TV, has publicly criticized the All-Progressives Congress (APC) for their mismanagement of Nigeria’s wealth since coming into power in 2015.

In a post on his X handle, he said: “The APC should honestly tell Nigerians how they grew Nigeria’s debt from 12 trillion in 2015 to over 120 trillion in 2024. Ask them what they did with the money?”

This sharp rise in debt has left many Nigerians questioning the effectiveness of the APC’s financial policies and their impact on the nation’s economy. Since taking office, the APC has promised economic reforms and infrastructure development, but the reality has been far from these promises. Instead, Nigeria has witnessed a staggering increase in debt, which has not translated into tangible improvements in the lives of its citizens.

Mismanagement and Lack of Transparency

Critics argue that the APC’s tenure has been marked by financial mismanagement and a lack of transparency. Despite borrowing heavily, the country continues to struggle with poor infrastructure, inadequate healthcare, and failing educational systems. The expected economic growth and job creation have not materialized, leading to widespread discontent and frustration among Nigerians.

Economic Hardship and Rising Poverty

Under the APC’s rule, many Nigerians have experienced worsening economic conditions. Inflation has soared, making everyday necessities unaffordable for the average citizen. The removal of fuel subsidies, which was touted as a necessary economic reform, has only exacerbated the financial burden on the populace, leading to increased transportation costs and higher prices for goods and services.

Unfulfilled Promises

The APC came into power with promises of economic revitalization and development. However, nearly a decade later, these promises remain unfulfilled. Instead of progress, Nigerians have seen their country’s debt skyrocket without corresponding improvements in their standard of living. This disconnect between the government’s borrowing and the actual benefits to the people raises serious questions about the APC’s governance and financial stewardship.

Call for Accountability

Oseni Rufai’s call for the APC to explain the massive debt increase resonates with many Nigerians who feel betrayed by the ruling party. There is a growing demand for accountability and transparency regarding how the borrowed funds have been utilized. Without clear answers, the trust in the APC’s ability to manage Nigeria’s economy continues to erode.