PDP faction challenges FG to explain benefits of N159.35tn debt

The Tanimu Turaki-led faction of the Peoples Democratic Party (PDP) has challenged the Federal Government to explicate however its immense borrowings person benefited Nigerians, peculiarly successful tackling insecurity, unemployment and the country’s infrastructure problems.

The PDP’s Interim National Working Committee (INWC) said Nigeria’s rising indebtedness nether President Bola Tinubu’s All Progressives Congress (APC)-led authorities was becoming a large concern.

Nigeria’s full nationalist indebtedness stood astatine astir N159.35 trillion arsenic of March 31, 2026, according to figures from the Debt Management Office (DMO).

The enactment made its presumption known successful a papers obtained by Nigerian Tribune successful Abuja connected Sunday. It questioned the continued reliance connected loans contempt the country’s anemic gross base.

“There is thing progressively unsettling astir the economical doctrine of the Bola Ahmed Tinubu administration: whenever authorities spending appears to outrun disposable revenue, the instinct seems to beryllium to look for different loan,” the PDP said.

The party, however, said borrowing was not needfully wrong, arsenic governments ...