Mr Peter Obi, presidential candidate of the Nigeria Democratic Congress, NDC, and former governor of Anambra State, has questioned the Federal Government’s borrowing pattern, arguing that the sharp increase in national revenue under President Bola Tinubu’s administration has not translated into improved living conditions for Nigerians.
The remarks were contained in a statement posted on Obi’s official page while reacting to the President’s recent account of his administration’s performance after three years in office.
According to Obi, President Tinubu listed the increase in government revenue from N16.8 trillion in 2022 to N35 trillion in 2025 as one of the administration’s major achievements.
Obi argued that despite the reported increase in revenue, the country’s debt profile had continued to rise.
“Shockingly, while Nigerians expected a reduction in borrowing with the exponential increase in revenue, the opposite is the case,” Obi stated.
According to him, Nigeria’s total public debt has risen to about
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