Speaking through House Majority Leader Julius Ihonvbere at a public accounts conference, Abbas said debt can drive economic growth when managed properly, but becomes harmful when used recklessly.

“Reckless debt that fuels consumption or corruption must be exposed and rejected,” he said, urging parliaments to ensure that all borrowing decisions are made in the public interest and with transparency.

In a follow-up statement, Abbas’ media aide, Musa Krishi, said the Speaker’s comments were in support of prudent debt management, in line with President Bola Tinubu’s economic agenda.

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He noted that Abbas supports borrowing that is directed towards infrastructure, education, energy, and social welfare, key areas under Tinubu’s Renewed Hope Agenda.

Krishi also referenced Tinubu’s recent statement that Nigeria had exceeded its 2025 revenue targets and would stop borrowing to fund government operations, reinforcing the call for stronger oversight and ensuring value for every naira borrowed.

Source: TheCable