Orji Kalu, senator representing Abia north, says the Nigerian economy is at risk of collapse if the country does not continue to borrow.
Kalu, a former governor of Abia state, spoke on Monday during an interview on Politics Today, a Channels Television programme.
“Let me tell you, if this economy does not borrow, it collapse. That’s the truth. That’s where we are,” he said.
Kalu said he is not a member of the committee that scrutinises loan requests but insisted that such borrowing is necessary for economic survival.
“Of course, the committee of foreign and local debts used to scrutinise them. I am not a member of that committee. You know these jobs are done mainly at the committee level,” he said.
Kalu sparked public reactions last week when he appeared at the senate wearing a customised outfit emblazoned with the inscription “Tinubu for President 2027”.
Reacting to criticisms about the attire, the former senate chief whip said there was nothing unusual about it.
