Peter Obi Criticizes Nigeria's ₦17.89 Trillion Borrowing Plan

Former Labour Party presidential candidate Peter Obi has condemned the Nigerian government's intention to borrow ₦17.89 trillion to finance the 2026 budget deficit. He argues that such reckless borrowing will negatively impact the future of the country's youth.

Obi questions the need for additional borrowing when the details of the 2024 budget implementation and the 2025 budget are unclear. He emphasizes the importance of investing in productive sectors rather than excessive consumption to ensure sustainable growth and prosperity for Nigeria.

Obi urges the government to prioritize policies that stimulate production and sustainable economic growth.