Peter Obi has challenged President Tinubu's government over its spending habits. The former Anambra governor says revenue growth hasn't helped ordinary Nigerians.
Obi reacted to the president's three-year performance report released recently. He questioned why borrowed money keeps rising even as government earnings soar.
According to Obi, Tinubu's team boasted that revenue jumped from N16.8 trillion in 2022 to N35 trillion in 2025. Yet Nigeria's total debt has climbed to roughly N200 trillion.
"While Nigerians expected borrowing to drop with all this extra revenue, it's gone up instead," Obi stated in a post on his page. He noted the debt increased by more than N100 trillion in just three years.
Obi acknowledged that global economic shifts did boost government earnings through commodity prices. But he said this doesn't explain the borrowing explosion.
The NDC presidential candidate pointed to troubling economic signs across the nation. Poverty, joblessness, and living standards have all gotten worse, he argued.
Multidimensional poverty spiraled from 87 million people in 2023 to over 140 million in 2025, Obi claimed. Per capita GDP also declined during this period.
"Where did all the money go?" Obi asked, echoing questions from Nigerians and international observers. He demanded answers about how funds have been spent since 2023.
Obi called on the administration to show greater transparency in managing public resources. He wants detailed explanations of how both revenues and loans have been used.
In his words, key socio-economic and governance indicators have actually worsened compared to 2023. This despite the massive increases in both revenue collection and debt accumulation.
The opposition figure maintained that more money flowing into government coffers should mean better conditions for citizens. Instead, he said, Nigerians are struggling more than before.
