Obi Criticizes Tinubu Over Nigeria's Rising Debt Crisis

Peter Obi, the former presidential candidate of the Labour Party, criticized President Bola Tinubu's administration for its handling of Nigeria's rising debt, which he claims has reached N200 trillion. Obi stated that this represents an increase of N100 trillion within just three years, contrasting sharply with the N49 trillion accumulated during the eight-year tenure of former President Muhammadu Buhari.

He described the current administration's borrowing practices as imprudent and highlighted a lack of accountability and transparency in managing these funds. Obi pointed out that the government borrowed N11.89 trillion in the first three quarters of 2025, exceeding its planned borrowing target by N1.54 trillion.

He raised concerns over the allocation of borrowed funds, noting that only 17.66% was directed towards capital expenditure, leaving a significant gap. Obi called for answers regarding the management of these funds, emphasizing the need for scrutiny and accountability as Nigeria faces mounting debt pressures.