Peter Obi Critiques Tinubu's Government Over Rising Debt

Peter Obi, a member of the Nigeria Democratic Congress and former governor of Anambra State, criticized Bola Tinubu's administration on Thursday regarding Nigeria's escalating debt, which he stated is approaching N200 trillion. Obi pointed out that the country's public debt has risen dramatically under the current administration, which he claims operates with a lack of transparency.

He argued that borrowing is not inherently negative, provided it is used for clearly defined projects that benefit citizens. Obi referenced South Africa's recent handling of a $1 billion loan from the New Development Bank, which included transparent objectives for improving water supply, sanitation, and infrastructure.

He expressed concern that Nigeria's loans do not have clear outcomes that improve the lives of ordinary citizens, highlighting issues such as rising living costs, unemployment, and declining purchasing power. Obi called for fiscal discipline and accountability in government borrowing, emphasizing that every loan should contribute to job creation and poverty reduction.