The Young Progressives Party presidential aspirant, Olajide Toriah Filani, has raised the alarm over the Federal Government’s plan to obtain a fresh $6 billion loan, warning that the move could further worsen Nigeria’s debt burden despite improved crude oil revenues.

In an Easter message to Christian faithful across the country, Filani congratulated Nigerians on the successful completion of the Lenten fast, urging them to embrace the season of Easter as a time of renewal, hope and national reflection.

“As we approach the joyous celebration of Easter, may the resurrection of Christ bring renewed strength, abiding peace and divine restoration to our families and to our dear nation,” he said.

Filani expressed deep concern over the borrowing plan by the Federal Government of Nigeria, noting that rising oil prices above budget benchmarks should ordinarily translate into economic relief for citizens, not additional debt.

He argued that budget deficit financing, infrastructure development, debt refinancing, and economic stabilisation raise serious questions about fiscal discipline and transparency.
“A nation benefiting from increased oil earnings should not be grappling with unexplained deficits.

Nigerians deserve clear answers on how oil revenues are being managed and why improved earnings have not been reflected in better living conditions,” Filani stated.

He warned that borrowing to service existing debts is unsustainable and could mortgage the future of coming generations, stressing that infrastructure development must be people-driven and not guided by political or personal interests.

Filani also noted that the federal government’s claims of economic stabilisation do not align with realities on the ground, citing rising inflation, weakened purchasing power, and the high cost of living facing many households.

“True economic stability must focus on reducing inflation, making energy affordable and empowering citizens to thrive,” he said.

The presidential hopeful further decried what he described as inadequate legislative scrutiny and public debate over major financial decisions, insisting that democracy thrives on accountability and strong oversight.

While reaffirming his ambition ahead of the 2027 general elections, Filani said he is offering Nigerians a new direction through the Young Progressives Party, anchored on transparency, accountability and sustainable development.

He urged Nigerians to remain resolute, informed, and united as the country looks toward 2027, praying that Easter would bring renewed hope and courage for a brighter future.