The presidency has fired back at former Kogi West Senator, Dino Melaye, urging him to acquaint himself with the basic knowledge of economics.
Special Adviser to President Bola Tinubu on Media and Public Communications, took the swipe at the ex-lawmaker on Monday over his remarks on Nigeria’s public debt.
Melaye had said that Nigerian government under Tinubu may later resort to borrowing from Opay or Moniepoint.
Reacting, Dare described Melaye’s comments as misleading and rooted more in drama than economics.
Dare stated that Melaye had once again traded substance for spectacle, after suggesting on television that Nigeria would soon borrow from OPay and Moniepoint.
“You need to acquaint yourself with basic knowledge of economics,” he said.
According to the presidential aide, while such comments may entertain, they fail to reflect the realities of the nation’s fiscal situation.
“Nigeria’s debt-to-GDP ratio remains a moderate 40–45 percent, well below South Africa’s 70 percent or Ghana’s 90 percent plus,” Dare said.
