Peter Obi criticizes Tinubu's borrowing

Peter Obi, a presidential candidate, has strongly criticized Bola Tinubu's administration for its 'excessive and imprudent borrowing,' alleging that Nigeria's total debt has surged to approximately N200 trillion, an increase of over N100 trillion in three years. Obi highlighted that the government borrowed N11.89 trillion in the first three quarters of 2025, exceeding its target, and that only N3.10 trillion of these funds were allocated to capital expenditure, leaving a significant deficit. He demanded transparency and accountability regarding the utilization of the remaining funds, questioning whether they were used for recurrent expenditure, entertainment, or election campaign funds. Obi contrasted the current debt accumulation with that under Muhammadu Buhari's tenure, emphasizing concerns about sustainability and the lack of visible developmental outcomes despite increased revenue and debt.