Post by Arise News (@arisenews)

Labour Party presidential candidate in the 2023 election and 2027 NDC presidential hopeful, Peter Obi, has challenged President Bola Tinubu’s administration to provide a detailed account of how borrowed funds have been utilised amid Nigeria’s rising public debt profile. Obi alleged that the country’s total debt has climbed to about N200 trillion, increasing by over N100 trillion within three years, and argued that the pace of borrowing has outstripped previous administrations.

Citing Budget Office figures, Obi claimed the federal government borrowed N11.89 trillion between January and September 2025, exceeding its projected borrowing target, while only a fraction of the funds was reportedly allocated to capital projects. He questioned the destination of the remaining funds and called for greater transparency and accountability in public finance management.

The remarks have intensified debate over government borrowing, fiscal sustainability and the balance between financing development and managing Nigeria’s growing debt burden.

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