Peter Obi. Photo: X / Peter Obi
The presidential candidate of the Nigeria Democratic Congress and former Anambra State Governor, Peter Obi, has said that despite reported increases in government revenue under President Bola Tinubu’s administration, Nigerians are facing worsening economic hardship due to rising debt and declining socio-economic indicators.
In a statement issued on Wednesday via his X handle, Obi said that, in marking three years in office, Tinubu listed an increase in revenue from N16.8 trillion in 2022 to N35 trillion in 2025 as one of his achievements, describing it as a rise of over 100 per cent.
He, however, said that instead of a reduction in borrowing alongside the revenue increase, the administration had continued what he described as “excessive and imprudent borrowing,” claiming that Nigeria’s total debt now stands at about N200 trillion.
“Shockingly, while Nigerians expected a reduction in borrowing with the exponential increase in revenue, the opposite is the case.
