Tinubu is a meticulous economic planner — Agbese

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, on Monday, expressed strong confidence in President Bola Ahmed Tinubu’s ability to prudently manage Nigeria’s resources, describing him as a “meticulous economic planner” whose leadership is gradually rebuilding the nation’s financial stability.

Speaking in an interview with Parliamentary Correspondents in Abuja, Hon. Agbese said recent approvals for external borrowing by the Federal Government should not cause concern among Nigerians, noting that under President Tinubu’s watch, every loan will be judiciously used for its intended purpose.

Agbese (APC- Benue State), spoke against the backdrop of the fresh loan requests the National Assembly recently approved for the President.

Both chambers of the National Assembly had on Wednesday approved President Bola Ahmed Tinubu’s request to raise a total of $2.347 billion from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds.

In the House of Representatives, the approval followed the consideration and adoption of a report presented by the chairman of the House Committee on Aids, Loans, and Debt Management, Hon. Abubakar Hassan Nalaraba (APC- Nasarawa) at plenary on Wednesday.

The Committee’s report indicated that the borrowing plan was split into two components: $1.23 billion to fund the 2025 budget deficit and $1.12 billion to refinance Nigeria’s Eurobond maturing in November 2025.

The Committee further observed that the Facility was to be sourced from the international capital market through Eurobond issuance, loan syndication, bridge financing, or direct borrowing from multilateral institutions.

The lawmakers also approved the issuance of Nigeria’s first-ever Sovereign Sukuk of up to $500 million in the international capital market, a landmark initiative designed to attract Islamic-compliant investors and diversify the country’s external borrowing instruments.

Meanwhile, some Nigerians have raised concerns over the rising public debts occasioned by frequent borrowings and the prudence in the utilisation of the approved loans.

He said: “We must understand that President Bola Ahmed Tinubu is not just an ordinary politician; he is a tested economic strategist who has demonstrated exceptional prudence in resource management.

“His record as Lagos State Governor remains a model of how strategic planning and fiscal discipline can transform a region into an economic powerhouse,” he said.

According to the lawmaker, the President’s approach to national development is driven by a clear blueprint designed to strengthen critical sectors, stimulate job creation, and ensure sustainable economic growth.

“Mr. President knows what he is doing. He doesn’t take decisions impulsively. Every borrowing plan under this administration is carefully thought out, with a clear framework for repayment and measurable developmental outcomes. Nigerians can trust his sense of judgment,” he said.

The Benue-born legislator praised President Tinubu’s Renewed Hope Agenda for restoring confidence in Nigeria’s economic direction, stressing that the ongoing reforms in the fiscal and monetary sectors are already yielding positive signals.

“From stabilising the exchange rate to boosting investors’ confidence, we are beginning to see the results of a visionary leader who understands both local and international economics.

“These are not accidental successes—they are the result of meticulous planning and consistent follow-through,” he said.

Hon. Agbese also commended the National Assembly for maintaining a constructive partnership with the executive arm of government in ensuring that all loans are properly scrutinised and tied to tangible development projects.

“As representatives of the people, we have a duty to ensure transparency and accountability,” he explained. “But I can assure Nigerians that with President Tinubu at the helm, there’s no cause for fear. His track record of transforming Lagos into Africa’s fifth-largest economy speaks volumes about his capacity to deliver.”

He added that the President’s economic vision goes beyond immediate relief, emphasising long-term sustainability, industrial expansion, and infrastructural renewal as core priorities.

“What President Tinubu is building is not just for today; it’s for the future. The Renewed Hope Agenda is about repositioning Nigeria to compete globally, reduce dependency on imports, and create jobs for millions of young Nigerians,” he said.

The Deputy Spokesman called on citizens to remain patient and supportive, assuring them that the tough decisions being made today will secure a better tomorrow.

“No doubt, President Tinubu will utilise every loan for the purpose it was intended. He is meticulous, visionary, and deeply committed to seeing Nigeria prosper. This is the kind of leadership our nation has long desired—and it’s one we must all rally behind,” he said.

Ardo  Zubairu 

National Secretary 

TInubu Re- Election Project 2027 . Office Phones: 

08033305195

08098885195

07033454053

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