Former senator Dino Melaye has mocked President Bola Tinubu’s administration over its rising debt profile, warning that Nigeria may soon be forced to borrow from fintech platforms such as Opay and Moniepoint.

The Tinubu government has faced growing criticism for its borrowing spree. The African Democratic Congress (ADC) recently cautioned that the trend could push Nigeria’s public debt beyond ₦200 trillion before the end of 2025. In a statement, ADC National Publicity Secretary Mallam Bolaji Abdullahi accused the administration of mortgaging the nation’s future under the guise of economic reform.

Speaking on ARISE Television on Monday, Melaye accused the government of worsening hunger in the country despite securing billions of dollars in loans.

“There is massive hunger in the land. Why is the president borrowing $1.7 billion from the World Bank? Why has the Senate approved $21 billion so far with many others coming for consideration?” he asked.

The former lawmaker described the Tinubu administration as reckless, citing the controversial purchase of a presidential yacht.

“This government is one of the most reckless governments in the history of this country. The president who said he wanted to curb wastages bought a yacht. That yacht has never been to the perimeters, the territorial areas of Nigeria it’s been between Monaco and Paris. And what do we need a yacht for in a time of austerity and pervasive hunger?” Melaye queried.

He further accused Tinubu of borrowing more than any of his predecessors.

“He has borrowed like no other president in the history of the country. If you are making more money, then why are you borrowing? We will not be surprised if the president starts borrowing from Opay and Moniepoint very soon,” he added.