Tinubu spends 11 times more on debt servicing than projects — Peter Obi

The statesmanlike campaigner of the Nigeria Democratic Congress, NDC, Peter Obi, has criticised President Bola Tinubu’s economical policies, claiming the Federal Government spends astir 11 times much connected indebtedness involvement than connected superior projects.

Obi made the assertion successful a connection posted connected X portion reacting to a World Bank study connected Nigeria’s economical performance.

He cited figures showing that the Federal Government spent N7.7 trillion connected indebtedness involvement betwixt January and June 2026, compared with gross of N6.2 trillion during the aforesaid period.

Obi wrote, “In comparison, the APC-led Federal Government spends astir 11 times much connected involvement outgo than connected superior projects.”

“How bash you explicate the unsustainable indebtedness situation adjacent with exponential summation successful gross that we person had since 2023?” helium asked.

He besides claimed that spending connected superior projects fell by astir N700 cardinal successful the archetypal fractional of the year, contempt increases successful authorities gross and borrowing.

Obi blamed what helium described arsenic reckless borrowing, corruption and incompetence for the situation, arguing that improved economical indicators did not needfully ...