NDC Blames Tinubu for Nigeria's Wealth Mismanagement

The Nigeria Democratic Congress (NDC) has criticized President Bola Tinubu’s administration for excessive borrowing and mismanagement of public resources. The party supports its presidential candidate, Peter Obi, and running mate, Rabiu Musa Kwankwaso, in their mission to reverse the erosion of Nigeria’s commonwealth.

This statement follows Tinubu's remarks at an All Progressives Congress (APC) rally in Akwa Ibom State, where he criticized Obi's handling of erosion issues in Anambra State during his governorship. NDC spokesperson Dr Chiogo Constance Ikokwu expressed concerns over the contradiction between expected financial benefits from petrol subsidy removal and the government's continued borrowing.

She highlighted the need for transparency regarding the use of financial gains amid rising debt and inadequate funding for essential sectors. Ikokwu compared the financial records of Obi and Tinubu, noting that Obi left Anambra with investments valued at $500 million, while Lagos State's external debt was approximately $190.43 million when Tinubu left office.

The NDC also criticized the pension law enacted during Tinubu's tenure in Lagos.