Peter Obi Slams Tinubu Govt Over Fresh ₦20trillion Loan Plan Despite Claimed Revenue Growth
Peter Obi has criticised the Tinubu administration for proposing a ₦20trillion loan to fund the 2026 budget, warning that Nigeria is nearing fiscal collapse. He questioned the government’s transparency on 2025 revenue figures despite claims of surpassing targets, and condemned borrowing that does not support productive sectors. Obi said Nigeria cannot develop by consuming more than it produces and urged the government to adopt a sustainable, production-driven economic model. He warned that rising debt, shrinking production, and worsening hardship threaten the nation’s future.
Peter Obi has criticised the Tinubu administration for proposing a ₦20trillion loan to fund the 2026 budget, warning that Nigeria is nearing fiscal collapse. He questioned the government’s transparency on 2025 revenue figures despite claims of surpassing targets, and condemned borrowing that does not support productive sectors. Obi said Nigeria cannot develop by consuming more than it produces and urged the government to adopt a sustainable, production-driven economic model. He warned that rising debt, shrinking production, and worsening hardship threaten the nation’s future.
Peter Obi Slams Tinubu Govt Over Fresh ₦20trillion Loan Plan Despite Claimed Revenue Growth
Peter Obi has criticised the Tinubu administration for proposing a ₦20trillion loan to fund the 2026 budget, warning that Nigeria is nearing fiscal collapse. He questioned the government’s transparency on 2025 revenue figures despite claims of surpassing targets, and condemned borrowing that does not support productive sectors. Obi said Nigeria cannot develop by consuming more than it produces and urged the government to adopt a sustainable, production-driven economic model. He warned that rising debt, shrinking production, and worsening hardship threaten the nation’s future.
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