The Leader of the Rescue Movement for New Nigeria, Faduri Oluwadare Joseph, on Thursday criticised the President Bola Tinubu-led administration for borrowing over ₦63 trillion in less than three years, an amount he claims has had no visible impact on public infrastructure or social welfare.

He warned that the country is sinking into an economic and governance crisis, while millions of Nigerians remain mired in poverty, and key indicators of national well-being continue to deteriorate.

In a statement, Joseph questioned the logic of removing fuel subsidies, which the administration claimed would save the country billions, only to continue borrowing at record levels.

He condemned the Bola Tinubu-led administration for what he called “organised irresponsibility,” citing the government’s debt practices, lack of transparency, and failure to deliver tangible benefits to Nigerians despite repeated claims of progress.

Joseph said, “We removed fuel subsidies, claiming it would save the country billions. We claimed increased revenue. Yet we continue borrowing like a bankrupt addict.

“What kind of jungle are we running? This isn’t governance, it’s organised irresponsibility. We are led by a government enabled by a rubber-stamp National Assembly that refuses to question the rationale behind these loans.”

He accused the National Assembly of aiding the administration’s unchecked borrowing spree by failing to demand accountability or scrutinise the necessity of the loans.

He said, “Until the people decide to take their country back, these leaders will not stop wrecking the economy and squandering our future. Nigeria must one day come to terms with the reality: we desperately need a generational shift in leadership—a move away from these recycled politicians to a new breed with vision, integrity, and empathy.

“In less than three years, Tinubu’s administration has borrowed over ₦63 trillion. Where is the accountability? Recovered looted funds are reportedly being relooted, and no one is held to account. There is no consequence, no law and order. Corruption flows through this administration like water through a broken dam.

“Meanwhile, millions of Nigerians are trapped in poverty. The economy is in ruins. Roads are crumbling. Food and living costs are sky-high. Unemployment remains rampant. Insecurity grips every region like never before. And still, the borrowing continues with zero transparency or traceable development to show for it.

“It is shameful that a nation that once lent to others now borrows beyond what it can manage. Someday, Nigerians must wake up and start asking their so-called elected, often imposed, representatives hard questions. What role are they playing to curb the excesses of this administration? Or are they simply complicit, benefiting from the same corrupt system?

“We are a nation that has everything—resources, intellect, resilience—but lacks everything in leadership, accountability, and justice. May Nigerians rise to help themselves, because God will not do for us what we refuse to do for ourselves. Until then, these leaders will continue to take over 200 million people for granted.”