Home / Politics / Explain What You Did With the Over $100 Billion Borrowed, Peter Obi Challenges Tinubu Over Anambra Erosion Comment

Explain What You Did With the Over $100 Billion Borrowed, Peter Obi Challenges Tinubu Over Anambra Erosion Comment

Explain What You Did With the Over 0 Billion Borrowed, Peter Obi Challenges Tinubu Over Anambra Erosion Comment
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has challenged President Bola Tinubu to account for the resources accruing to the Federal Government, including the over $100 billion borrowed since his administration assumed office.

Obi’s response followed the President’s remarks concerning erosion challenges in Anambra State during his visit to Akwa Ibom State. In a statement titled “Good Day, Mr President: Nigerians Deserve Accountability,” Obi urged Tinubu to use his visits to different parts of the country to explain how public funds have been utilised and what tangible benefits Nigerians have received.

He began by acknowledging the President’s visit to Akwa Ibom, expressing the hope that it would encourage him to visit the remaining states of the federation and engage more directly with citizens.

Obi, however, questioned why the President had not provided a comprehensive account of the resources available to his government, particularly the ₦15.8 trillion reportedly saved from the removal of fuel subsidy, more than $100 billion in borrowings, increased tax revenues and additional government earnings that exceeded revenue targets.

According to the former governor, Nigerians deserve a clear explanation of how these resources have translated into improved living conditions.

He challenged the administration to provide verifiable figures on the number of citizens lifted out of poverty, out-of-school children returned to classrooms and functional primary healthcare centres established since Tinubu took office.

Obi also questioned the administration’s performance in the power sector, recalling the President’s earlier promise that Nigerians should not vote for him if he failed to improve electricity supply.

He further called for accountability on national security, expressing concern that Nigeria continues to rank among countries severely affected by terrorism and insecurity.

“Mr President, Nigerians deserve answers. They deserve to know what has been done with the resources entrusted to your government,” Obi stated.

He maintained that governance should be measured not by the volume of revenue generated or funds borrowed, but by the demonstrable impact of public expenditure on the lives of ordinary citizens.

Obi added that the Nigeria he envisages must be founded on accountability, transparency and the measurable use of public resources to improve citizens’ welfare.

He concluded with his familiar declaration that a new Nigeria is possible.

The statement has renewed attention on the need for the Federal Government to provide transparent accounts of public borrowing, revenue generation and expenditure, particularly amid widespread concerns over the rising cost of living, poverty, unemployment, insecurity and inadequate public infrastructure.

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