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Obi Critiques Tinubu's Revenue Claims Amid Rising Debt

Obi Critiques Tinubu's Revenue Claims Amid Rising Debt

Peter Obi, the former governor of Anambra State and a member of the Nigerian Democratic Congress, criticized President Bola Tinubu's claims regarding increased government revenue. In a statement issued on Wednesday via X, Obi noted that despite reports of revenue growth from N16.8 trillion in 2022 to N35 trillion in 2025, Nigeria is experiencing worsening economic hardship due to rising debt levels.

He stated that Nigeria's total debt has reached N200 trillion, which he described as shocking, and expressed concern over the government's excessive borrowing practices. Obi pointed out that the country has seen a rise in multidimensional poverty, with 87 million people affected in 2023 and projected to rise to 140 million by 2025.

He also mentioned an increase in unemployment and a decline in GDP per capita. Obi called for transparency in Nigeria's economic management and criticized the government's fiscal policies, which he claims have led to a significant increase in debt compared to the previous administration of Muhammadu Buhari.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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