ADC chieftain Okonkwo accuses Tinubu of enslaving Nigeria via N166.6tn debt

ADC chieftain Kenneth Okonkwo accused President Bola Tinubu of borrowing Nigeria into slavery, citing a national debt of N166.6 trillion under the current administration. Speaking on Channels Television's Politics Today on Tuesday, Okonkwo said the removal of the fuel subsidy was meant to fund public infrastructure, but the Tinubu government has failed to deliver electricity, roads, or energy. He contrasted this with past administrations that reinvested subsidy savings through schemes like the Petroleum Trust Fund under Sani Abacha and SURE-P under Goodluck Jonathan. Okonkwo alleged the borrowed funds are being squandered on fake agencies, private jets and yachts, leaving citizens without power or good roads while electricity tariffs rise. He challenged the president to explain what the revenue is being used for, arguing the country is not seeing any tangible benefits from the subsidy removal. The accusation highlights growing concerns over Nigeria's debt sustainability and the effectiveness of subsidy removal policies, which directly affect household budgets and public service delivery. Readers should treat the figures as allegations and consult official sources such as the Debt Management Office for verified debt statistics, while considering how rising electricity tariffs and inadequate infrastructure may influence their personal finances and business decisions.

SOURCE: https://dailypost.ng/2026/09/30/tinubu-borrowing-nigeria-into-slavery-kenneth-okonkwo/