The Nigerian presidency responded to Peter Obi's comments on the country's borrowing practices, defending President Bola Tinubu's administration against claims of mismanagement and excessive debt. Special Adviser Bayo Onanuga emphasized that borrowing is a common practice for sov
President Tinubu presided over a Federal Executive Council meeting in Abuja. Former Labour Party presidential candidate Obi criticized the administration's borrowing practices, arguing that Nigeria's debt management lacks a clear repayment strategy and is detrimental to the econo
Peter Obi criticized President Bola Tinubu's administration for its borrowing practices, stating they lack economic common sense and do not meet legal requirements. He expressed concern that Nigeria's borrowing is primarily for consumption rather than productive investment.
