Peter Obi Critiques Tinubu's Rising Debt Profile

Peter Obi, a member of the Democratic Congress, criticized President Bola Tinubu's administration for its escalating debt profile, which has reportedly reached N200 trillion, an increase of N100 trillion within three years. This stark contrast to the N49 trillion accumulated during Muhammadu Buhari's eight-year tenure raises concerns about the sustainability of such borrowing practices.

Obi's statement, issued by his spokesman Ibrahim Umar, highlighted that the Tinubu administration borrowed N11.89 trillion from January to September 2025, exceeding its target of N10.34 trillion by N1.54 trillion. He pointed out that only N3.10 trillion of the borrowed funds was spent on capital projects, leaving a deficit of approximately N14.48 trillion.

Obi emphasized the need for rigorous scrutiny of government borrowing and questioned the lack of clarity regarding fund deployment, suggesting that funds may have been diverted for recurrent expenditures. He insisted that Nigerians deserve accountability regarding the management of economic resources.