Peter Obi Knocks Tinubu’s Borrowing Spree: “Nigeria’s Debt Now N200 Trillion, Where’s the Money?”

Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has voiced serious concerns over the country’s growing debt under President Bola Ahmed Tinubu. In a passionate post on his X account Tuesday, Obi questioned where billions of naira borrowed by the current administration have gone, especially as Nigerians face worsening hardship and rising insecurity.

According to Obi, Nigeria’s total public debt has now ballooned to nearly N200 trillion. That, he says, is over N100 trillion added in just three years far more than the roughly N49 trillion accumulated during former President Muhammadu Buhari’s entire eight year tenure.

“This administration is borrowing at an alarming and imprudent rate,” Obi wrote. “In just three years, we’ve added more than N100 trillion to our debt. Under Buhari, it took eight years to add N49 trillion.”

He argued that Nigerians, already struggling with inflation and high living costs, deserve clear answers on how the borrowed money has been used. Citing data from the Federation’s Budget Office, Obi claimed the government borrowed N11.89 trillion between January and September 2025 exceeding its target of N10.34 trillion by about N1.54 trillion.

“Under a responsible government, such an overshoot would require serious scrutiny and an explanation,” he said.

Obi also pointed out that only N3.10 trillion was spent on capital projects in the first nine months of 2025 barely 17.66% of the N17.58 trillion budgeted for infrastructure. That leaves a funding gap of roughly N14.48 trillion.

“Where did the rest of the money go?” he asked. “Nigerians have a right to know.”

The former Anambra governor’s comments come as many citizens continue to groan under the weight of economic hardship, with no clear signs of relief in sight.