Nigeria now ‘lepers colony’ because of debt – Rufai Oseni tells Tinubu

Arise Television anchor Rufai Oseni has delivered a sharp critique of President Bola Tinubu’s economic policies, specifically targeting the administration’s stance on national debt. Speaking during Thursday’s edition of The Morning Show, Oseni countered the President’s recent assertion that debt is not a “leprosy.” He argued that without transparency and tangible results, the country’s rising obligations are indeed becoming a debilitating economic disease.

Oseni highlighted the staggering cost of debt servicing, which he estimated at ₦15 trillion to ₦16 trillion within a ₦60 trillion budget. He contended that such high figures leave little room for essential services, effectively paralyzing the nation’s financial health. The anchor noted: “It becomes leprosy, especially when you cannot see what you’re doing with the debt.”

The veteran broadcaster also challenged the government’s focus on infrastructure as a primary justification for borrowing. He argued that massive road projects, such as the controversial coastal road, do not automatically translate into improved welfare for the average citizen. Oseni questioned the bidding processes for these projects, suggesting that the lack of competition and clarity hinders genuine economic growth.

Reflecting on the deteriorating state of public institutions, Oseni pointed to the poor condition of federal medical centers and schools. He noted that while the government boasts of initiatives like the student loan scheme, these remain burdens on the youth rather than direct investments in human capital. He lamented: “People are poor. Their lives are worse off.”

Oseni further criticized the current political climate, alleging that the government is actively stifling opposition voices. He maintained that a fair and competitive political environment is necessary for voters to make independent, informed choices. Without this balance, he warned, the government remains unaccountable for the “leprosy” of debt it continues to accumulate.

Concluding his remarks, the anchor suggested that Nigeria has reached a point of no return regarding its financial instability. He insisted that the current trajectory is leading the nation into a state of total economic isolation and decay. Oseni summarized the situation bluntly: “Debt is leprosy, if it’s not properly used… In fact, our debt has taken Nigeria to a lepers colony.”