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Nigerian journalist and television presenter Rufai Oseni has expressed deep concern over the state of the nation’s economy, lamenting what he described as Nigeria’s decline from a financially strong country to one burdened by increasing debt.
Speaking during Friday’s edition of ARISE Television’s Morning Show, Oseni became emotional as he reflected on Nigeria’s economic history, recalling a period when the country was financially stable enough to lend money to international financial institutions.
According to him, Nigeria once contributed hundreds of millions of dollars to both the World Bank and the International Monetary Fund (IMF), a sharp contrast to the country’s present economic challenges.
Oseni questioned how Nigeria’s debt profile has continued to rise despite its vast natural and human resources.
“I cried for Nigeria this morning,” he said. “On December 24, 1974, Nigeria signed a long-term borrowing agreement with the World Bank. Under that agreement, Nigeria provided $240 million in net resources to the World Bank Reserve. We also lent $120 million to the IMF. What happened to this country?”
In other news, Rufai Oseni has berated the Oyo State Governor, Seyi Makinde, over the call for an investigation regarding the abduction of pupils and teachers in Orire Local Government Area of the state.
Read Also: FG Arraigns Three Over Alleged Oyo Schoolchildren Abduction, Terrorism Charges
Recall that Makinde, on Monday, after receiving the rescued victims from the military, called on the United Nations to investigate the circumstances surrounding the incident.
Makinde had also suggested that the abduction might be linked to his political ambition, noting that the incident occurred shortly after he announced his intention to contest the 2027 presidential election.
However, Makinde’s demand drew criticism from officials of the Federal Government and members of the ruling All Progressives Congress (APC), who argued that Nigeria is a sovereign nation capable of handling its internal security matters.
Speaking on the development during ARISE Television’s Morning Show, Oseni described the exchange between Makinde and the Federal Government as a blame game and unnecessary.
According to Oseni, the focus should now be on finding lasting solutions rather than engaging in political arguments, adding that the victims have returned home.
