‘Government Borrowing Not Reflecting on Economy’ — Isaac Fayose

A Nigerian businessman, Isaac Fayose, has expressed concern over the impact of government borrowing on the country’s economy, lamenting that citizens are yet to feel any tangible benefits.

Fayose stated that despite reports of continuous borrowing by the federal government, the effect is not evident in the daily lives of Nigerians, particularly at the grassroots level.

According to him, the disconnect between public spending and real economic improvement has left many questioning how borrowed funds are being utilized, as living conditions remain largely unchanged.

He stressed the need for greater transparency and accountability in the management of public funds, urging authorities to ensure that borrowing translates into visible development and improved welfare for citizens.

The businessman’s remarks come amid ongoing debates over Nigeria’s rising debt profile and its implications for economic growth and stability.