The presidential candidate of the Nigeria Democratic Congress, Peter Obi, has criticised the administration of Bola Tinubu over Nigeria’s rising debt profile, alleging that about N200 trillion has been borrowed without proper accountability.
In a statement posted on his X handle, Obi said, “President Bola Tinubu’s administration has engaged in remarkably imprudent borrowing, escalating Nigeria’s total debt to approximately N200 trillion.”
He also questioned how borrowed funds were being managed, stating, “The question that Nigerians are rightly asking and deserve an answer to is what happened to the balance?”
Obi compared current borrowing levels with previous administrations, arguing that the pace of debt accumulation has increased significantly and raising concerns about transparency in public spending.
He cited Budget Office figures showing that government borrowing between January and September 2025 exceeded its target, and said such overruns should ordinarily attract scrutiny.
The Tinubu administration has maintained that borrowing is necessary to fund infrastructure and stabilise the economy following reforms such as fuel subsidy removal and foreign exchange unification, though critics warn of rising debt sustainability risks.
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