Peter Obi Accuses Tinubu of Reckless N200tn Borrowing, Demands Accountability

Peter Obi, presidential candidate of the Nigeria Democratic Congress, has criticised President Bola Tinubu’s administration for driving Nigeria’s public debt to around N200 trillion in just three years. Using figures from the Budget Office, Obi pointed out that borrowing jumped by over N100 trillion compared to the N49 trillion accrued under the previous eight-year administration. He warned that only N3.10 trillion went towards capital projects in early 2025, leaving a funding gap of about N14.48 trillion with no clear explanation of how the balance was spent. Obi challenged the lack of transparency, asking whether borrowed funds were used for recurrent costs, hosting guests at Aso Rock, or diverted to election campaigning. He insisted Nigerians deserve full disclosure on how public funds are managed. I guess supporters will point to projects like the Lagos–Calabar road, but at what cost? With the 2027 election around the corner, it feels like borrowed money could be used to buy votes. If you divide N200 trillion by 200 million Nigerians, each person effectively owes about N1 million.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.