Peter Obi Warns of Looming Economic Crisis Amid Tinubu’s Debt Surge

Former presidential candidate Peter Obi has warned that Nigeria may be drifting toward crisis because of an unchecked rise in national debt under President Bola Tinubu. Speaking at the African Democratic Congress convention in Abuja, Obi noted that removing the petrol subsidy was meant to reduce borrowing and redirect funds into infrastructure. Instead, he says debt has jumped from around ₦87 trillion to nearly ₦200 trillion, with many projects in the 2025 budget still unfunded and contractors unpaid. He also raised concerns over deepening national divisions, a worsening security situation marked by Nigeria’s slide in global terrorism rankings, and a sharp rise in poverty levels. Obi urged citizens and leaders to unite, make sacrifices, and steer the country away from a dangerous path.

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