Fadojoe Slams Tinubu Administration Over Mounting Debt and Governance Failures

By Our Reporter

The leader of the Rescue Movement for New Nigeria, Faduri Oluwadare Joseph, popularly known as Fadojoe, has issued a scathing critique of President Bola Tinubu’s administration, describing it as a “cruel joke” and accusing it of reckless borrowing, lack of accountability, and systemic corruption.

In a press release titled “A Nation That Has Everything but Lacks Everything”, Fadojoe condemned the federal government’s ongoing borrowing spree, claiming that the Tinubu-led administration has accumulated over ₦63 trillion in new debt in less than three years, with little to show in terms of development or improvement in citizens’ lives.

“How do you boast about paying off a loan only to immediately seek another?” Fadojoe asked rhetorically, criticizing what he described as a government “enabled by a rubber-stamp National Assembly” that fails to demand transparency or question fiscal decisions.

The statement also referenced the controversial removal of fuel subsidies, which was initially presented by the administration as a cost-saving measure expected to reduce government expenditure and boost national revenue. However, Fadojoe noted that despite these promises, the government has continued borrowing “like a bankrupt addict,” with no visible economic turnaround.

“We are led by a government that practices organized irresponsibility,” he stated, adding that corruption “flows through this administration like water through a broken dam,” citing allegations that recovered looted funds are being misappropriated again.

Fadojoe painted a bleak picture of Nigeria’s current state: widespread poverty, crumbling infrastructure, inflation, high unemployment, and worsening insecurity. He questioned the accountability mechanisms in place, warning that the nation’s leaders are “squandering our future” and that citizens must begin holding their representatives responsible.

He called for a generational shift in Nigerian leadership, away from “recycled politicians” to a new class of leaders marked by vision, integrity, and empathy.

“Nigeria must wake up. We are a nation blessed with resources, intellect, and resilience, yet cursed with a lack of leadership, accountability, and justice,” Fadojoe declared. “Until we rise to help ourselves, nothing will change.”

The Rescue Movement for New Nigeria, also known as the Rescue The Vulnerable Initiative, advocates for systemic reforms and has been vocal about issues of governance, social justice, and youth empowerment.

At the time of this report, the presidency and the National Assembly had not responded to the criticisms raised in Fadojoe’s statement.