‘Explain whereabouts of undeployed funds,’ Obi tells Tinubu

Nigerian opposition figure Peter Obi has publicly challenged President Bola Tinubu's administration, demanding an explanation for the whereabouts of recently borrowed funds. Obi expressed strong disapproval of the current government's fiscal policies, asserting that its borrowing activities have significantly escalated Nigeria's national debt.

According to Obi, the administration's approach to borrowing has been "remarkably imprudent." He stated that the country's total debt has now climbed to an estimated 200 trillion naira. This figure highlights a substantial increase in the nation's financial obligations under the current leadership, raising concerns about economic stability and future fiscal health.

Obi's call for accountability is rooted in a desire for transparency in how public funds are managed. He is urging the Tinubu administration to provide a clear account of how these borrowed funds are being utilized, emphasizing the need for responsible financial stewardship. The opposition leader's statement reflects ongoing concerns about economic governance and debt management within Nigeria.

“

President Bola Tinubu's administration has engaged in remarkably imprudent borrowing, escalating Nigeria's total debt to approximately N200 trillion.