Former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has raised serious concerns about the federal government’s financial management under President Bola Tinubu. In a statement released via his official platform, Obi reacted to President Tinubu’s recent assessment of his administration’s performance after three years, highlighting a significant increase in national revenue that has not improved the lives of ordinary Nigerians.
Obi pointed out that while President Tinubu boasted about revenue growth from N16.8 trillion in 2022 to N35 trillion in 2025, the country’s debt has ballooned to approximately N200 trillion. This represents a staggering increase of over N100 trillion in just three years. “Nigerians expected that with such a massive revenue boost, borrowing would decrease, but the opposite has happened,” Obi remarked.
According to Obi, the government collected more than initially budgeted due to favorable global and regional economic conditions that boosted commodity prices and overall earnings. Despite this financial windfall, key socio-economic indicators have deteriorated. Multidimensional poverty has surged from about 87 million people in 2023 to over 140 million in 2025, while unemployment and GDP per capita have also worsened.
Obi questioned the transparency and accountability of the administration, stating, “The question Nigerians and the international community are asking is, ‘Where did all the money go?'” He urged the government to provide a detailed breakdown of how both revenue and borrowed funds have been utilized since 2023, demanding answers for the worsening living conditions despite increased earnings.