Renowned economist and Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has assured Nigerians that President Bola Tinubu’s fresh ₦1.15 trillion loan request poses no immediate threat to the country’s economic stability.
Rewane, speaking during a recent economic review programme, explained that although Nigeria’s debt profile has drawn public concern, the latest loan request should be assessed within the context of government revenue reforms, rising oil production, and the administration’s medium-term fiscal strategy. According to him, Nigeria’s capacity to service debt has improved “marginally,” especially with exchange rate adjustments and increased inflow from non-oil taxes.
He noted that the key issue is not borrowing itself, but how efficiently the funds are deployed in sectors with measurable economic returns. Rewane added that the loan is part of a structured financing plan aimed at supporting infrastructure, boosting productivity, and stabilising the macroeconomic environment.
While critics warn that continued borrowing could worsen Nigeria’s debt burden, Rewane maintained that the loan is “not unusual and not alarming,” provided the government sustains its revenue reforms and enforces strict expenditure discipline.
Public debate continues as lawmakers prepare to deliberate on the loan request in the coming days.
