Peter Obi blasts Tinubu govt's 'imprudent' borrowing as Nigeria's debt hits N200 trillion
Peter Obi, Nigeria Democratic Congress presidential candidate, has criticized President Bola Tinubu's administration for what he termed "excessive borrowing" and "imprudent governance," claiming Nigeria's total debt has escalated to approximately N200 trillion. According to Obi's Tuesday statement on X, this represents an increase of over N100 trillion within just three years of Tinubu's presidency.
The former Anambra state governor highlighted that this debt accumulation contrasts sharply with former President Muhammadu Buhari's eight-year tenure, which saw roughly N49 trillion accumulated (projected to around N80 trillion). Obi cited data from the Federation's Budget Office showing Tinubu's government borrowed N11.89 trillion in the first three quarters of 2025 alone—exceeding the planned target of N10.34 trillion by approximately N1.54 trillion.
"Excessive borrowing without accountability is a further affirmation of imprudent governance," Obi wrote, expressing concern about the lack of transparency in fund utilization. He questioned whether the extra N1.54 trillion was deployed for recurrent expenditure, entertainment at Aso Rock, or transferred to the Renewed Hope Agenda 2027 Election Campaign Fund, demanding accountability for Nigeria's resources.