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BREAKING: Peter Obi Slams the Federal Government for Reckless Borrowing as Nigeria’s Debt Approaches ₦200 Trillion!
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22 hrs ago
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22 hrs agoBREAKING: Peter Obi Slams the Federal Government for Reckless Borrowing as Nigeria’s Debt Approaches ₦200 Trillion!
“We’re borrowing like a failed state, with nothing to show for it.” — Peter Obi
On July 22, the Nigerian Senate greenlit new foreign loans totaling $21 billion, €2.2 billion, and ¥15 billion, along with ₦750.98 billion in bonds, bringing Nigeria’s total debt to an eye-watering ₦187 TRILLION!
Obi cautions that this figure could soar past ₦200 trillion by the end of the year, all while there’s been no significant investment in crucial areas like education, healthcare, electricity, or security.
Over 135,000 kilometers of roads are still unpaved. Power supply remains below 5,000MW for over 200 million Nigerians.
In 2025 alone, 652 children died from malnutrition in the North. A staggering 133 million Nigerians are now living in multi-dimensional poverty.
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