- His comment came amid the N7.3 trillion ways and means funds borrowed by the Tinubu administration
Former Ogun State Governor, Olusegun Osoba, says the government of former president, Muhammadu Buhari, left empty treasury when he left office.
Speaking during an interview with Arise Television on Tuesday, Osoba said president Bola Tinubu had no other choice than to borrow.
His comment came amid the controversial N7.3 trillion ways and means funds borrowed by the Tinubu administration.
He said, “When treasury is empty, when the previous administration was borrowing to pay salaries, what else can you do except to borrow for now to fill the gap.
“That does not mean that the culture of borrowing will go on forever and ever. It’s only serving us for now,” he added.
On the issue of hoarding of cash, Osoba said President Bola Tinubu will sign an executive order to encourage Nigerians against hoarding money.
He said, “During my discussion with President Tinubu on Christmas Day, he disclosed to me that he is preparing a document to encourage Nigerians to bring out hidden funds that are currently out of the banking system and causing cash scarcity.”
The former governor justified the reason for the delay of President Tinubu’s visit to the victims of the Plateau State attack on Christmas eve