June 9, 2026
Peter Obi
A presidential aide, Dada Olusegun, has dismissed claims by Peter Obi that the administration of President Bola Tinubu has engaged in excessive borrowing without accountability, accusing the former presidential candidate of spreading misinformation about the country’s debt profile.
Olusegun, who serves as Special Assistant to the President on Social Media, reacted on Tuesday to a statement by Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), in which he criticised the Federal Government’s borrowing record and questioned the management of public debt.
Reacting, Olusegun argued that the increase in Nigeria’s debt stock under the Tinubu administration was largely driven by exchange rate adjustments rather than fresh borrowing.
