A disastrously incompetent leader like Peter Obi could only command the loyalty of followers who are equally deluded, politically gullible and incapable of separating sentiment from reality.
May I take this opportunity to tell Peter that even in your next life, you can never be President of Nigeria with this kind of sense you have and your misleading narratives.
Your relationship with the truth has completely collapsed. You manufacture and spread falsehoods with a level of brazenness that suggests you have long abandoned any concern for honesty, accountability or shame.
First, you claimed that Nigeria's debt has risen to about N200 trillion and attempts to create the impression that all of the increase resulted from fresh borrowing by the Tinubu administration. This is misleading because a substantial portion of the increase comes from exchange-rate revaluation following the naira floatation. When the naira depreciated, external debts previously denominated in dollars automatically appeared much larger in naira terms even without new borrowing.
Second, you compared Tinubu's debt accumulation with Buhari's era without acknowledging the different economic realities facing both administrations. Such a comparison ignores the impact of exchange-rate adjustments, inherited fiscal obligations, subsidy removal costs, and the need to finance major infrastructure and economic reforms.
Third, you suggested that there is no accountability regarding borrowed funds. That is a serious allegation, yet he provides no evidence that the funds were stolen, diverted, or unaccounted for. Borrowing approvals, budget implementation reports, debt records, and expenditure documents are publicly available through relevant government agencies and are subject to legislative oversight.
Fourth, you question what the borrowed funds were used for, as if there are no visible projects or interventions to point to. Nigerians can see ongoing federal road projects, student loan programmes, rail and transport investments, security spending, state intervention funds, and other capital projects being executed across the country.
Fifth, you highlights that capital expenditure fell short of budget projections but fails to mention that budget implementation is not measured solely by capital spending.
Governments also have obligations relating to security, salaries, pensions, debt servicing, social investments, and economic stabilisation programmes.
Most troubling is your foolish attempt to insinuate, without evidence, that borrowed funds may have been diverted to political activities or a 2027 campaign fund. Such allegations may generate headlines, but responsible public discourse requires proof, not speculation.
Opposition politics is important in a democracy, but criticism should be based on complete facts, not selective statistics designed to create a false impression that every naira borrowed under the current administration has disappeared without trace.
Nigerians deserve facts not fear-mongering.
Excessive Borrowing Without Accountability: Further Affirmation of Imprudent Governance.
President Bola Tinubu's administration has engaged in remarkably imprudent borrowing, escalating Nigeria's total debt to approximately N200 trillion. This represents an increase of over N100 trillion within a mere three years, a stark contrast to the roughly N49 trillion accumulated during President Muhammadu Buhari's eight-year tenure, which would have projected to around N80 trillion. As millions of Nigerians grapple with the shock of this unsustainable debt accumulation, the situation is exacerbated by the government's reckless approach to borrowing and a profound absence of accountability and transparency in the utilisation of these funds.
For instance, data from the Federation's Budget Office reveals that the Bola Tinubu government borrowed N11.89 trillion in the first three quarters of 2025 (January to September), exceeding the planned borrowing target of N10.34 trillion by approximately N1.54 trillion. Under a responsible and accountable government, such an overshoot would necessitate rigorous scrutiny and explanation from relevant governmental bodies. Regrettably, this is not the reality under the current administration.
Compounding this issue, only N3.10 trillion of the borrowed funds was allocated to capital expenditure during the same January-September 2025 period. This constitutes a mere 17.66% of the N17.58 trillion earmarked for capital projects, leaving a deficit of roughly N14.48 trillion, or 82.34% of planned capital expenditure unfunded.
The most disturbing aspect of the financial management fiasco under Bola Tinubu is that there is no explanation or information regarding how the balance was utilised or deployed. The question that Nigerians are rightly asking and deserve an answer to is what happened to the balance? Was it deployed for recurrent expenditure/ consumption, for the entertainment of guests to Aso Rock or transferred to the Renewed Hope Agenda 2027 Election Campaign Fund? Nigerians deserve an answer on how our economy and resources are most unpatriotically managed.
A New and Productive Nigeria is POssible, and Nigeria will be OK!
-PO