….“Tinubu inherited empty treasury from Bubari”, APC chieftain reveals
A chieftain of the All Progressives Congress (APC), and former governor of Ogun state, Olusegun Osoba, on Tuesday, revealed that President Bola Tinubu inherited an empty treasury from predecessor, Muhammadu Buhari.
He also said that because Nigeria was almost crashing on May 29 when Tinubu took over the reins of government, he will need to borrow to fill the gap in the meantime.
He said that Nigerians already experienced the worst of the economy in 2023 and therefore should look forward to a better standard of living in 2024.
According to Osoba, Tinubu was working hard to contain the widespread hardship in the land, the former journalist noted
“When the treasury was empty and the last administration was borrowing to pay salaries, the whole place was empty. What else can you do other than in the meantime, borrowing to fill the gap?
“That does not mean that the culture of borrowing will go on forever. You met an empty treasury. There was nowhere to turn other than to still engage in a bit of borrowing. After the first year in office, the whole thing will be reviewed and we will see.”
“Talking of borrowing, when your pocket is empty, you have to go to your bank to shore you up for some time. It depends on how you manage that situation.”
