₦airaland Forum

Mr Peter Obi has criticized Tinubu’s request to borrow 20trillion naira to finance the 2026 budget while the federal government is still implementing 2024 budget.

According to Mr Obi, the Federal Government has not touched the 2025 budget at all.

He equally questions the rationale behind the borrowing when government announced that they had met their revenue target as far back as in August. So, where’s the money?

Today, Nigerians woke up again to the troubling news that the Federal Government is planning to borrow about ₦20 trillion in new loans to finance the 2026 budget. This is at a time when debt servicing alone is projected to gulp nearly half of our national revenue, and when our borrowing requirement has surged by over 72%.

At a time when Nigerians are struggling under unprecedented hardship, insecurity, and unemployment, we must ask the most important and logical questions: Where is the revenue from 2025?

How can we be discussing trillions in new borrowing for 2026 when we are still implementing the 2024 budget? One is genuinely worried. This suggests, very clearly, that the 2025 budget is still untouched and unimplemented.

So, where are all the revenues that accrued in 2025, even when we were told that we had surpassed the revenue targets since August?

It is time for us to stop this fiscal rascality, especially with uncontrolled and unexplained borrowing that is not being invested in the productive sectors of our nation, but instead ends up in consumption.

We cannot keep mortgaging the future of our children through thoughtless borrowing.
We cannot continue this way.

For years, I have consistently maintained that Nigeria cannot borrow its way into prosperity. Nations do not develop by consuming more than they produce. They develop by producing, exporting, and creating value, while building strong institutions that ensure accountability and efficient use of public funds.

We cannot tell Nigerians that revenue is increasing while simultaneously increasing borrowing to ridiculous historic levels. Governance must be built on transparency, not propaganda.

We cannot build a new Nigeria on the foundation of misleading figures, rising debts, shrinking production, and continuous hardship.
Our nation must move forward.

A New Nigeria is POssible. -PO

Source

By the time they are done with us,

our great great great great grandkids will be the ones to finish paying these loans.

When PDP was still in leadership, This was the same way APC was making noise and acting all saint. One would think the APC would be a miracle problem solver, only to turn out worse.

I'm sure if Obi becomes president today, the same crop under APC will migrate to continue the damages they've always done to the country.
Believe me or not, there is no good or godsent politician in Africa.

Dont let anybody fool you

Nigerians of this Generation are cowards and unpatriotic, myself included.
I wonder the kind of country and life,we will leave for the next Generation.
When it favours them ,it is connection, when it doesn't ,na corruption.
You can't even say your mind freely again.

Apc has finally killed opposition, which unfortunately, means democracy.

Okay. As Peter Obi has been donating money for charity, let him also donate the loan money to Nigeria, president Tinubu won't borrow again

Muson and Moson are pronounced the same

The Voodoo economists don't want FG to increase the tax , still don't want them to borrow when our productivity as a country is low, how will the government function without having money to run errands?

They have abused the word opposition by opposing for no meaningful reason

Funnily, ask this same Peter Obi what should be the alternative to borrowing and wait for his response. I can bet anything with it that he would be incoherent to the question.

All what Peter Obi as been condemning by the government, he has never proffer solution to any. Go and watch all his interviews and see him struggling answering basic questions about economy.

Those who fly airplane with mouth can never crash

helinues:
Funnily, ask this same Peter Obi what should be the alternative to borrowing and wait for his response. I can bet anything with it that he would be incoherent to the question.

All what Peter Obi as been condemning by the government, he has never proffer solution to any. Go and watch all his interviews and see him struggling answering basic questions about economy.

Those who fly airplane with mouth can never crash

So after all the subsidy removals, your government is still borrowing up to trillions?

Isn't it a shame?

obonujoker:
So after all the subsidy removals, your government is still borrowing up to trillions?

Isn't it a shame?

Are they saving or not?

Have your state governors monthly oyel morning not increased for over a year now?

Nigeria is not making enough money

Ikaeniyan0:
Nigeria is not making enough money

What are we currently producing that would have increased our earnings? The electricity that could have boosted the productivity in the country, we are still shouting Up Nepa . The generator importer, cable vandalizers, Nepa boss having fuel stations have been the factors affecting stable electricity in Nigeria

MrFourSHIRTS:
When PDP was still in leadership, This was the same way APC was making noise and acting all saint. One would think the APC would be a miracle problem solver, only to turn out worse.

I'm sure if Obi becomes president today, the same crop under APC will migrate to continue the damages they've always done to the country.
Believe me or not, there is no good or godsent politician in Africa.

Dont let anybody fool you

He will borrow, but not this much, cuz u can't just stop, but he will gradually stop

If they have focused on Agriculture research on how to make more yields, encourage giving birth to less children. Using our vast land for agricultural purpose instead of building hotels, clubhouses and needless giants churches et all.

But the only problem of this world is that ordinary paper called money. It has led us astray from important things like water, food and love for our neighbors. everyone now want to amass a lot even if it causes pain to other humans. Truly money is the root of all evil.

It is a pity,but I trust PO to put things in order when assumes come 2027

Tinubu just want to perish this country Nigeria with the way he is going with borrowing

Tinubu urchins will defend their god even on empty stomach

Loan that will be looted by politicians, so sad how much liability the govt on heaping on the country without visible results

Another one from the finishing finisher

Obi rest abeg. What do you have to offer? It's almost election time and you don't even have a blue print on how you intend to develop Nigeria further

This government did not snatch power to serve common Nigerians, they did to steal, kill and destroy

helinues:
Okay. As Peter Obi has been donating money for charity, let him also donate the loan money to Nigeria, president Tinubu won't borrow again

Muson and Moson are pronounced the same

The Voodoo economists don't want FG to increase the tax , still don't want them to borrow when our productivity as a country is low, how will the government function without having money to run errands?

They have abused the word opposition by opposing for no meaningful reason

You are the most gullible of this present generation. You all sing praises to high heavens how subsidy removal has increased money to government coffers.
And since assuming office, Tinubu has been borrowing incessantly. Where's the money going, or is subsidy removal money not for development?
Oh I forget, he's borrowing to buy more campaign buses.

helinues:
Are they saving or not?

Have your state governors monthly oyel morning not increased for over a year now?

Admit your Master strategist is a bad leader

What has he done in the last two years to justify subsidy removal?

He kept on buying opposition leaders and that's all

No tangible project, no tangible employment drive from his government

We need something real not all these fake stats una dey push come person throat

Sad that most of the money is for fighting terrorist and bandits.
People need money, Nigerians are poor. A lot of people need money to start businesses. Tinubu should really focus on socioeconomic development. People are really suffering in Nigeria.

helinues:
Funnily, ask this same Peter Obi what should be the alternative to borrowing and wait for his response. I can bet anything with it that he would be incoherent to the question.

All what Peter Obi as been condemning by the government, he has never proffer solution to any. Go and watch all his interviews and see him struggling answering basic questions about economy.

Those who fly airplane with mouth can never crash

The guy dey always talk gibberish.

It's sad other Nigerians judge we Igbos based on the attitude of this man. As governor of Anambra state, he was a complete failure.

We have correct sons and daughters of Alaigbo that we are proud of. I would choose an Odumeje or even Blord over this 🤡 anyday, anytime.

It's unfortunate Tinubu has reduced Nigeria to a country run by borrowed funds. We now borrow money to do everything. So unfortunate!

ambale:
Admit your Master strategist is a bad leader

What has he done in the last two years to justify subsidy removal?

He kept on buying opposition leaders and that's all

No tangible project, no tangible employment drive from his government

We need something real not all these fake stats una dey push come person throat

OkukoIgbo:
What of the subsidy money they said they removed, where is it or APC lying machines are cranked to hyper mode?
Can't you imagine how you sound when making utterances such as this?
I feel you ran too fast more than wisdom.
Thank you.

What has he done in the last two years to justify subsidy removal?

We are saving hence our FX have increased in % than in the last decade

We are servicing debt more than before even though we are taking new ones. But when you do the calculation, we have paid debt than borrowing.

The state governors for over a year now have received nothing less than 35% increase from their monthly money from the FG, that's from the proceedings of subsidy

LG now have autonomy, they also have increase in their payment from FG

Those projects across the country, it's still part is the subsidy saved money we are using

The rest of your epistle is rambling

When he becomes president. He shouldn't borrow loan .

But for now , let Tinubu do whatever he thinks will keep the ball rolling.

Obi the condemned MAN

SlavaUkraini:
By the time they are done with us,

our great great great great grandkids will be the ones to finish paying these loans.

And you will bring this great great great grandkids to suffer in this hellhole?

Instead of standing up and demanding good governance. We are cowards but don't bring another child to come and suffer this mess if we have not solved the problem of this country.

helinues:
Okay. As Peter Obi has been donating money for charity, let him also donate the loan money to Nigeria, president Tinubu won't borrow again

Muson and Moson are pronounced the same

The Voodoo economists don't want FG to increase the tax , still don't want them to borrow when our productivity as a country is low, how will the government function without having money to run errands?

They have abused the word opposition by opposing for no meaningful reason

What of the subsidy money they said they removed, where is it or APC lying machines are cranked to hyper mode?
Can't you imagine how you sound when making utterances such as this?
I feel you ran too fast more than wisdom.
Thank you.

helinues:
Funnily, ask this same Peter Obi what should be the alternative to borrowing and wait for his response. I can bet anything with it that he would be incoherent to the question.

All what Peter Obi as been condemning by the government, he has never proffer solution to any. Go and watch all his interviews and see him struggling answering basic questions about economy.

Those who fly airplane with mouth can never crash

you guys are very funny,am sure the wiring in your brain is very different from the normal person.
Was it not the same APC government that was attacking and criticizing everything that Jonathan did,from insecurity to the Economy?
Dollar rate,Fuel prices?
Now go back to that period and check how much have changed?
Compare the economy of then to now,compare the borrowings then to now,compare everything comparable.
So if you APC urchings find it ok to criticize PDP back then when things were going well,why not accept the criticism of Peter Obi now that you have damaged the country critically

Sorry state, even after squeezing the last sweat of the common man, the generation unborn is not left out, Abacha will surely be a saint as compare to this administration.

Arda1000:
you guys are very funny,am sure the wiring in your brain is very different from the normal person.
Was it not the same APC government that was attacking and criticizing everything that Jonathan did,from insecurity to the Economy?
Dollar rate,Fuel prices?
Now go back to that period and check how much have changed?
Compare the economy of then to now,compare the borrowings then to now,compare everything comparable.
So if you APC urchings find it ok to criticize PDP back then when things were going well,why not accept the criticism of Peter Obi now that you have damaged the country critically

Stick to the borrowing discussion and stop the as usual deflecting

Thank you