Peter Obi Criticizes Nigerian Government's Borrowing Practices, Warns Against Hindering Development

Former Nigerian presidential candidate, Peter Obi, criticized the Federal Government of Nigeria for its continuous borrowing practices. He expressed concerns over the government's plan to borrow 20 trillion naira for the 2026 budget, stating that excessive borrowing without a focus on development efforts could be detrimental to the country's progress.

Obi emphasized the need for the government to prioritize encouraging productivity, export creation, and value-building to ensure efficient use of public funds for prosperity.