Nigeria TV Info – Abuja

Former Labour Party presidential candidate, Peter Obi, has called on President Bola Ahmed Tinubu's administration to provide a clear explanation regarding Nigeria's rising public debt, which he claims has approached the ₦200 trillion mark amid continued borrowing by the Federal Government.

Obi expressed concern over the country's growing debt profile, arguing that Nigerians deserve transparency on how borrowed funds are being utilized and the long-term impact on the nation's economy. According to him, increasing debt without corresponding improvements in infrastructure, healthcare, education, and job creation could place a heavy burden on future generations.

The former Anambra State governor urged the Federal Government to publish detailed records of loans obtained, projects financed, and repayment plans. He stressed that accountability and prudent management of public resources are essential to restoring investor confidence and ensuring sustainable economic growth.

The Tinubu administration has maintained that its economic reforms and borrowing strategy are aimed at funding critical infrastructure projects, stabilizing the economy, and addressing fiscal challenges inherited from previous administrations.

Economic analysts say Nigeria's debt profile remains a major topic of national debate, with concerns over debt servicing costs, revenue generation, and the country's ability to finance development priorities. While some experts argue that borrowing is necessary for growth when properly managed, others warn that excessive debt could constrain future government spending.

As discussions continue, many Nigerians are calling for greater transparency and accountability regarding public borrowing, debt management, and the overall direction of the nation's economy.