According to the Vanguard News, the Nigeria Labour Congress (NLC) has raised concerns over President Bola Tinubu’s recent request to the National Assembly for approval to secure a fresh external loan of $20.5 billion and €1.45 billion. NLC President, Comrade Joe Ajaero, has questioned the justification for continued borrowing, stating that the basis for the proposed loans remains unclear. The NLC’s stance comes amidst a growing national debate over the country’s mounting debt profile and the impact on the economy. As the nation waits for the National Assembly’s response to the loan request, the labour body’s criticism underscores the public’s growing concern over the government’s fiscal policies.
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